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Ron Paul on Federal Reserve



Lifted from here:

On April 28, 2002, Congressman Ron Paul said in a MSNBC television interview, “Without the Federal Reserve, our money could not be inflated at the behest of big government or big banks. Your income and savings would not lose their value. Just as important, we wouldn’t have this endless string of booms and busts, recessions and depressions, with each bust getting worse. They aren’t natural to the free market; they’re caused by the schemers at the Fed.”

Haven’t yet looked for the original source of this quote. Know any good Ron Paul links on this subject?







11 Reader Responses

  1. Ted Heistman Says:
    October 15th, 2007 at 12:05 pm

    I actually know quite a bit about this. The stuff you quoted there doesn’t really require an original source. Its pretty much common knowledge with libertarian oriented conspiracy types. I can find some good articles, though. But to get you started do a google search on “Project censored US dollar hegemony”

  2. Tim Boucher Says:
    October 15th, 2007 at 1:14 pm

    Calling this subject a “conspiracy” I think does it a disservice though. It makes discussion of it seem less credible and also makes US dollar hegemony sound like a vast secret plot, when really all it is is a business practice designed to protect the interests of those involved in it. It may not be beneficial for everyone though, and it doesn’t seem to be sustainable either.

  3. Ted Heistman Says:
    October 15th, 2007 at 3:40 pm

    yeah, well be that as it may, no mainstream journalists talk about this.

  4. p Says:
    October 15th, 2007 at 4:16 pm

    I’ve been reading RP’s articles online since years before he announced he was running. Big archive here:
    http://www.lewrockwell.com/paul/

    Paul is very influenced by the ‘Austrian school’ of economics, centered around von Mises and Rothbard: http://www.mises.org

    I like this school of economics, it doesn’t wave hands to explain how banking fairy dust works, it flat-out says: these guys are scamming you.

  5. Ted Heistman Says:
    October 15th, 2007 at 5:14 pm

    Yeah,

    Its common knowledge with people in the “Austrian school” “von Mises” etc. is what I should have said. But a lot of the guys that talk about this stuff like “Lew Rockwell” etc. are kind of in the “conspiracy camp” along with Bircher types.

    They are also dispairagingly called called “money cranks”

  6. jp Says:
    October 15th, 2007 at 6:12 pm

    fuck ron paul. the guy’s a creep. he’s cool to like right now, but he wants the u.s. to be declared a ‘christian’ nation, he’s opposed to gay marriage, he’s been highly endorsed by neo-nazi group stormfront. he’s kind of a fascist. i honestly can’t believe that it’s cool in ‘liberal’ circles to like this guy at the moment.

    here’s a good collection of articles on the subject:

    http://dneiwert.blogspot.com/search?q=ron+paul

  7. Julia Says:
    October 15th, 2007 at 6:32 pm

    This collapse was one of a few that led to the brutality of the French Revolution. His is the first story in Extrordinary Popular Delusions and the Madness of Crowds and it’s riviting.

    http://en.wikipedia.org/wiki/John_Law_(economist)

  8. Julia Says:
    October 15th, 2007 at 6:39 pm

    Here it is!

    http://robotics.caltech.edu/~mason/Delusions/epd_mississippi.html

  9. Svenson Says:
    October 15th, 2007 at 10:01 pm

    JP, I wouldn’t say its cool in liberal circles to like Ron Paul, its just that with Bush the traditional models of conservative vs. liberal have totally collapsed. Ron Paul is mainly an icon, he represents return to more classical conservative ideals. People who support him are giving a nod to those ideals, but The guy is not a leftist by any stretch of the imagination.

  10. Tim Boucher Says:
    October 15th, 2007 at 10:26 pm

    fuck ron paul. the guy’s a creep. he’s cool to like right now,

    How would you define “creep” in such a way that describes what you dislike about him?

    Is it possible for us to discuss Paul’s ideas without necessarily endorsing him?

    i honestly can’t believe that it’s cool in ‘liberal’ circles to like this guy at the moment.

    Is your implied statement then that you can’t believe I’m talking about Ron Paul and that I’m only doing it because it’s “cool at the moment” or is this a more general message?

  11. Andy Metcalfe Says:
    October 16th, 2007 at 4:06 am

    I strongly recommend watching the following documentary for a really good lesson on the history of money and the Federal Reserve. It’s long at over 3 hours but well worth the time http://video.google.com/videoplay?docid=7757684583209015812



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