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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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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Faith-Based Socialism on Trial

President Bush’s Faith-Based Initiative has reached the Supreme Court. As reported in the Christian Science Monitor: President Bush’s faith-based initiative is a signature program of his administration. But not all Americans share the president’s belief that the government should work in close partnership with religious organizations willing to perform nonreligious public services, like running homeless…

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