Strengthening or Weakening the Economy?

by Rep Ron Paul

The economic situation continues to deteriorate this week as past and future bailouts were discussed on Capitol Hill.  The debate was over the accountability of already disbursed TARP money, and on whether or not to release remaining funds.   Banks that had already been bailed out before are looking for more money to fill the black holes that are their balance sheets, warning that they are simply too big to fail.

However, whatever ‘devastating’ consequences these banks are dreaming up and pushing on Capitol Hill regarding their own collapse will be nothing compared to the collapse of our currency if we keep debasing it through these foolish bailouts.  It should be that they are too big to bailout.  The world will not come to an end without this or that bank.  The most troubling thing to me is this rhetoric that only government can save the economy, and must act.  This is so counter-productive.

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Economic Freedom or Socialist Intervention?

by Rep Ron Paul

The freedom to fail is an essential part of freedom.  Government- provided financial security necessitates relinquishing the very essence of freedom.  Last week, the big 3 American automakers came back to Capitol Hill with their hands out to the government.  Congress spent this past week debating how much money to give them and what strings should be attached.

Though the bailout plan for the auto industry has suffered what I would call a temporary setback in the Senate, other avenues for public funding are being explored through the Federal Reserve and the Treasury Department.  I am afraid the American auto industry will soon learn that having billions rain down from Washington will not be the blessing one might expect.

The government, after it subsidizes an industry, tends to become a very demanding benefactor.  Politicians may not have any real idea about how to build a car, run a bank, educate a child, heal the sick or build a road, but they are quite adept at using carrots and sticks to manipulate and threaten those who do.  Most of the federal control over education, roads, healthcare, and now banking and soon auto manufacturing, is done through money, mandates and conditions. 

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The Role of “The People” in Protecting Inalienable Rights

by Ed Noyes, SuperLiberty.com

It is interesting to know that many of the attendees at the Constitutional Convention held in 1787 were OPPOSED to including a Bill of Rights in the Constitution. Why would this be so? The chief concern was that if a written bill of rights were included, the people would, over time, think that these rights were the ONLY rights they had. They were wise enough to know that the people would not understand how vast this body of “inalienable” rights was, and would therefore allow the government (especially the federal government) to dictate, and invade, the sacred domain of self-government that was to remain with the people.

As a result, the Bill of Rights was not included in the original Constitution, but was later introduced by James Madison in 1789 to the First United States Congress as a series of amendments to the Constitution.

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Freedom is Golden

by Rep Ron Paul

As the Olympics wind down, I am amazed at how things change every four years.  Many Americans were glued to their televisions to watch the excitement from Beijing, and also heard announcers wax nostalgic with memories of times when the Soviet Union was the USA’s biggest competitor for Olympic gold.

There was a time when it was unthinkable that a government as powerful as that of the Soviet Union’s could possibly crumble, yet crumble it did.  The irony is that the strength of the Soviet government was also its weakness, as no country, no economic system can remain strong under the crushing burden that is central planning.

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Liberty and a Free Internet

by Rep Ron Paul

The most basic principle to being a free American is the notion that we as individuals are responsible for our own lives and decisions.  We do not have the right to rob our neighbors to make up for our mistakes, neither does our neighbor have any right to tell us how to live, so long as we aren’t infringing on their rights.

Freedom to make bad decisions is inherent in the freedom to make good ones.  If we are only free to make good decisions, we are not really free.

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Politicizing Pain: The War on Marijuana

by Rep Ron Paul

K.K. Forss does not claim medical marijuana solves all his problems.  His pain from a ruptured disc in his neck is debilitating.  He is unable to go to work or to the First Baptist Church  he used to attend because of the pain and muscle spasms.  Taxpayers through Medicare spend over $18,000 a year on his various medications.

Half of those drugs are strong narcotics.  The other half address the various side-effects brought on by the first half, such as nausea, heartburn, heart palpitations, difficulty sleeping, and muscle spasms.

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The Double Trouble of Taxation

by Rep Ron Paul

Taxes were on the forefront of many Americans’ minds this week as they scrambled to meet the April 15th deadline to file their returns.  Tax policy in this country hurts taxpayers twice – once when they pay taxes, and then when the government spends the money.  Americans are sick and tired of the financial burden and the endless forms to fill out.

To add insult to injury, after collecting this money the government does some very detrimental things to the economy.

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Time to Get Rid of the FDA

The time has long since come for the U.S. Congress to abolish the Food and Drug Administration. We’d like to think that FDA officials have only our health and safety in mind when they decide on what food or medicines they’ll allow us to buy. But, sadly enough, they’re as politically motivated as any politician…

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