A Date that Lives in Infamy
December 23, 1913 – Woodrow Wilson signs the Federal Reserve Act. We can bring it to an end through our states. Learn how.
Slaves to a Federal Tyranny
If the federal government ever became the final judge of the limits of its own powers, Tucker warned, then constitutional liberty would become an empty phrase.
Federal Reserve: Secrecy vs Independence
The only accountability the Federal Reserve has is ultimately to Congress, which granted its charter and can revoke it at any time. It is Congress’s constitutional duty to protect the value of the money, and they have abdicated this responsibility for far too long.
Audit the Fed, Then End It!
The only legitimate, Constitutional role of government in monetary policy is to protect the integrity of the monetary unit and defend against counterfeiters.
Instead, Congress has abdicated this responsibility to a cabal of elite, quasi-governmental banks who, instead of stabilizing the economy, have destabilized it
Saving Our American Republic
by Ray Bilger The basic idea of the Founding Fathers was to get government as close to the people as possible. In other words, a small federal government, with strong local and state governments. Thomas Jefferson said, “When all government shall be drawn to Washington as the center of all power, it will… become as [...]
Abolish the Federal Reserve
by Perry Willis, DownsizeDC.org The stock market rises and then crashes. Housing prices soar and then plummet. The Federal Reserve causes these booms and busts by constantly expanding and contracting the supply of money and credit. Credit expansion by the Federal Reserve increases the demand for producer assets and investment instruments. This causes bubbles in [...]
Spending the Economy into Oblivion
by Rep Ron Paul With news this week that Congress is poised to consider a new stimulus package, I am forced to again ask a question that seems silly in Washington:Â How will we pay for this? While a few Members of Congress have raised the issue, it certainly was not the primary concern of [...]
The Do-Something Congress
by Rep Ron Paul It has not been a good week for the Republic. It took quite a bit of trampling of the Constitution, but the bailout bill passed, as I suspected it would. The bailout failed the first time it was brought to the House. Undaunted, the Senate pressed on by attaching the bailout [...]
Economics and the Meltdown
by Rep Ron Paul The financial meltdown the economists of the Austrian School predicted has arrived. We are in this crisis because of an excess of artificially created credit at the hands of the Federal Reserve System. The solution being proposed? More artificial credit by the Federal Reserve. No liquidation of bad debt and malinvestment [...]
A problem of regulation?
by Mark Thornton, Mises Economics Blog The financial panic that has engulfed the planet is considered by politicians, bureaucrats, journalists and mainstream economists to be a problem of regulation. I find myself in the uncomfortable position of having to agree with this gang of opinion makers, but it is not a problem of insufficient regulation, [...]
Why the Founders Rejected a Central Bank
by Rep. Ron Paul The Latin term “fiat†roughly translates to “there shall beâ€. When we refer to fiat money, we are referring to money that exists because the government declares it into existence. It is not based on production or earnings, and not backed by any commodity. It is solely based on trusting the [...]
Why we have a Tenth Amendment
Guest Commentary by Dan Reale You can ask anybody what the first amendment prevents infringement upon. They might know about one thing, freedom of speech, but incorrectly, tell you we are granted freedom of speech. Even then, most miss the other four inalienable rights the Constitution limits the federal government from violating. Most are equally [...]
The Falling Dollar and Rising Energy Prices
by Rep Ron Paul Oil prices are on the minds of many Americans as gas hits $4 a gallon, and continues to surge. How high can prices go? How can we solve these problems? What, or who, is to blame? Part of the answer lies in understanding bubbles and monetary inflation, but especially the Federal [...]
Jun 09, 2008 | Categories:Economy | Tags: central-banking, dollar, Economy, energy, Federal Reserve, fiat-money, gas, Guest Commentary, inflation, Monetary Policy, oil, prices, Ron Paul | Leave A Comment »