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U.S. Rep. Ron Paul
economic freedom

Book of Ron Paul


economic freedom
Access To Energy
25 February 1998    1998 Ron Paul 19:7
The original plant at Seadrift produced primarily polyethylene. It now produces additional products. This plant is a part of the vast infrastructure of chemical plants, built by the generation of Americans now in their 80s and the generations before them, that supplies the chemicals upon which our technological civilization depends. Along with the dams, bridges, foundries, mines, wells, mills, factories, railroads, research laboratories, computers, and other technological installations that have been built by the past several generations of Americans, these plants form the technological superstructure upon which our science, technology, and economic freedom depend.

economic freedom
Preserving Housing for Senior Citizens and Families into the 21st Century
27 September 1999    1999 Ron Paul 98:4
Intuition would suggest that countries with the most government planning, places where you’re taken care of, would be the best places to live. But in fact the opposite is true, countries with the most planning are the most poor. Several organizations rank countries by economic freedom. At one end are places with lots of government planning. Invariably, these are the worst places to live. At the other end on the list — Hong Kong, New Zealand, Switzerland, and the United States. The best places to live are places with the fewest rules. Freedom isn’t everything. Climate matters. Religion, geography, even luck can make a difference. But nothing matters as much as . . . Liberty.

economic freedom
A Republic, If You Can Keep It – Part 2
2 February 2000    2000 Ron Paul 5:89
In our early history, it was understood that a free society embraced both personal civil liberties and economic liberties. During the 20th century this unified concept of freedom has been undermined. Today we have one group talking about economic freedom while interfering with our personal liberty, and the other group condemning economic liberty while preaching the need to protect personal civil liberties. Both groups reject liberty 50 percent of the time. That leaves very few who defend liberty all the time. Sadly, there are too few in this country who today understand and defend liberty in both areas.

economic freedom
LIFT THE UNITED STATES EMBARGO ON CUBA — HON. RON PAUL
July 26, 2001    2001 Ron Paul 66:5
* I oppose economic sanctions for two very simple reasons. First, they don’t work as effective foreign policy. Time after time, from Cuba to China to Iraq, we have failed to unseat despotic leaders by refusing to trade with the people of those nations. If anything, the anti-American sentiment aroused by sanctions often strengthens the popularity of such leaders, who use America as a convenient scapegoat to divert attention from their own tyranny. History clearly shows that free and open trade does far more to liberalize oppressive governments than trade wars. Economic freedom and political freedom are inextricably linked--when people get a taste of goods and information from abroad, they are less likely to tolerate a closed society at home. So while sanctions may serve our patriotic fervor, they mostly harm innocent citizens and do nothing to displace the governments we claim as enemies.

economic freedom
Stimulating The Economy
February 7, 2002    2002 Ron Paul 5:19
Since rejecting the current system and endorsing economic freedom diminishes the power and influence of politicians, it’s difficult to get political support for such a program. The necessary changes will only come when the American people wake up to the reality and insist that the Congress pursues only those goals permitted under the Constitution.

economic freedom
Hard Questions for Federal Reserve Chairman Greenspan
July 17, 2002    2002 Ron Paul 71:5
Congressman Paul then added the he strongly believed this statement by Greenspan taken from a 1966 article that was included in an article he had written titled, "Gold & Economic Freedom" was true. Congressman Paul continued,

economic freedom
Abolishing The Federal Reserve
10 September 2002    2002 Ron Paul 86:19
A fixed money stock means that overall prices are generally more stable. The problems of inflation and business cycles disappear entirely. Under the gold standard, in fact, increased market productivity causes prices to generally decline over time as the purchasing power of money increases. In 1967, Alan Greenspan once wrote an article called Gold and Economic Freedom. He wrote that:

economic freedom
Abolishing The Federal Reserve
10 September 2002    2002 Ron Paul 86:20
“An almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions. They seem to sense — perhaps more clearly and subtly than many consistent defenders of laissez-faire — that gold and economic freedom are inseparable, that the gold standard is an instrument of laissez-faire and that each implies and requires the other. . . . This is the shabby secret of the welfare statists’ tirades against gold. Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights.”

economic freedom
United States Embargo On Cuba
9 April 2003    2003 Ron Paul 48:4
I oppose economic sanctions for two very simple reasons. First, they don’t work as effective foreign policy. Time after time, from Cuba to China to Iraq, we have failed to unseat despotic leaders by refusing to trade with the people of those nations. If anything, the anti- American sentiment aroused by sanctions often strengthens the popularity of such leaders, who use America as a convenient scapegoat to divert attention from their own tyranny. History clearly shows that free and open trade does far more to liberalize oppressive governments than trade wars. Economic freedom and political freedom are inextricably linked — when people get a taste of goods and information from abroad, they are less likely to tolerate a closed society at home. So while sanctions may serve our patriotic fervor, they mostly harm innocent citizens and do nothing to displace the governments we claim as enemies.

economic freedom
Neo – CONNED !
July 10, 2003    2003 Ron Paul 73:8
Early in our history, the advocates of limited, constitutional government recognized two important principles: the rule of law was crucial, and a constitutional government must derive “just powers from the consent of the governed.” It was understood that an explicit transfer of power to government could only occur with power rightfully and naturally endowed to each individual as a God-given right. Therefore, the powers that could be transferred would be limited to the purpose of protecting liberty. Unfortunately, in the last 100 years, the defense of liberty has been fragmented and shared by various groups, with some protecting civil liberties, others economic freedom, and a small diverse group arguing for a foreign policy of nonintervention.

economic freedom
Paper Money and Tyranny
September 5, 2003    2003 Ron Paul 93:2
Alan Greenspan, years before he became Federal Reserve Board Chairman in charge of flagrantly debasing the U.S. dollar, wrote about this connection between sound money, prosperity, and freedom. In his article “Gold and Economic Freedom” ( The Objectivist, July 1966), Greenspan starts by saying: “An almost hysterical antagonism toward the gold standard is an issue that unites statists of all persuasions. They seem to sense…that gold and economic freedom are inseparable.” Further he states that: “Under the gold standard, a free banking system stands as the protector of an economy’s stability and balanced growth.” Astoundingly, Mr. Greenspan’s analysis of the 1929 market crash, and how the Fed precipitated the crisis, directly parallels current conditions we are experiencing under his management of the Fed. Greenspan explains: “The excess credit which the Fed pumped into the economy spilled over into the stock market- triggering a fantastic speculative boom.” And, “…By 1929 the speculative imbalances had become overwhelming and unmanageable by the Fed.” Greenspan concluded his article by stating: “In the absence of the gold standard, there is no way to protect savings from confiscation through inflation.” He explains that the “shabby secret” of the proponents of big government and paper money is that deficit spending is simply nothing more than a “scheme for the hidden confiscation of wealth.” Yet here we are today with a purely fiat monetary system, managed almost exclusively by Alan Greenspan, who once so correctly denounced the Fed’s role in the Depression while recognizing the need for sound money.

economic freedom
Ayn Rand’s Birthday
2 February 2005    2005 Ron Paul 17:1
Mr. PAUL. Mr. Speaker, today, on the occasion of the 100th anniversary of the birth of Ayn Rand, these comments. Ayn Rand has long inspired advocates of personal liberty and economic freedom. These ideals of individual responsibility and limited constitutional government are urgently needed in our Nation today.

economic freedom
Congress Lacks Authority To Sell Unocal
30 June 2005    2005 Ron Paul 82:6
Mr. Speaker, we should not criticize a lack of economic freedom in China when Congress, as evidenced in this legislation, attempts to restrict the economic freedom of American citizens.

economic freedom
Opposing Further Sanctions On Iran
30 July 2007    2007 Ron Paul 78:2
I oppose economic sanctions for two very simple reasons. First, they don’t work as effective foreign policy. Time after time, from Cuba to China to Iraq, we have failed to unseat despotic leaders or change their policies by refusing to trade with the people of those nations. If anything, the anti-American sentiment aroused by sanctions often strengthens the popularity of such leaders, who use America as a convenient scapegoat to divert attention from their own tyranny. History clearly shows that free and open trade does far more to liberalize oppressive governments than trade wars. Economic freedom and political freedom are inextricably linked — when people get a taste of goods and information from abroad, they are less likely to tolerate a closed society at home. So sanctions mostly harm innocent citizens and do nothing to displace the governments we claim as enemies.

Texas Straight Talk


economic freedom
- Fiscal Responsibility: Balance the budget but don't raise taxes or cook the books
20 January 1997    Texas Straight Talk 20 January 1997 verse 10 ... Cached
Our Founding Father, and former president, Thomas Jefferson once wrote that "eternal vigilance" is the price we must pay for living in a free society. I believe he was speaking not only of watching for encroachments on our civil liberties, but our economic freedom as well. It is therefore imperative that we not allow the "hype" of amending the constitution to prevent us from addressing the very real concern that balancing the budget could come with an expanding tax rate that would place the nails in our nation's economic coffin.

economic freedom
Greenspan Nominated to a Fourth Term
17 January 2000    Texas Straight Talk 17 January 2000 verse 14 ... Cached
Alan Greenspan was at one time a free market adherent and gold standard advocate. Read what he had to say about the Federal Reserve Board policy of the 1920s and the subsequent depression. The experts in the 20s had also declared a New Era economic growth without price inflation resulting from technological advances and wise monetary management. Greenspan explains: "The excess credit which the Fed pumped into the economy spilled over into the stock market, triggering a fantastic speculative boom. Belatedly, Federal Reserve officials attempted to sop up the excess reserves and finally succeeded in braking the boom. But it was too late. By 1929 the speculative imbalances had become so overwhelming that the attempt precipitated a sharp retrenching and a constant demoralizing of business confidence." (Gold and Economic Freedom, 1966)

economic freedom
End Trade Sanctions that Hurt Texas Farmers
25 June 2001    Texas Straight Talk 25 June 2001 verse 4 ... Cached
I oppose economic sanctions for two very simple reasons. First, they don't work as effective foreign policy. Time after time, from Cuba to China to Iraq, we have failed to unseat despotic leaders by refusing to trade with the people of those nations. If anything, the anti-American sentiment aroused by sanctions often strengthens the popularity of such leaders, who use America as a convenient scapegoat to divert attention from their own tyranny. History clearly shows that free and open trade does far more to liberalize oppressive governments than trade wars. Economic freedom and political freedom are inextricably linked- when people get a taste of goods and information from abroad, they are less likely to tolerate a closed society at home. So while sanctions may serve our patriotic fervor, they mostly harm innocent citizens and do nothing to displace the governments we claim as enemies.

economic freedom
The Tyranny of Paper Money
08 September 2003    Texas Straight Talk 08 September 2003 verse 2 ... Cached
In an article entitled “Gold and Economic Freedom,” Federal Reserve Chairman Alan Greenspan wrote that “The excess credit which the Fed pumped into the economy spilled over into the stock market- triggering a fantastic speculative boom…The speculative imbalances had become overwhelming and unmanageable by the Fed… In the absence of the gold standard, there is no way to protect savings from confiscation through inflation.” The irony is that Mr. Greenspan’s words, written in 1966 to describe the era leading up to the Great Depression, could easily have been written in 2003 to describe the consequences of his own Fed policies during the 1990s.

economic freedom
"I Have a Plan..."
18 October 2004    Texas Straight Talk 18 October 2004 verse 5 ... Cached
Remember, there is a simple dictionary definition for government planning of the production and provision of goods and services: socialism. No matter how much the grand planners from both political parties deny it, many of their programs and proposals are socialist. Federal taxes, regulations, welfare, subsidies, wage controls, price controls, and interest rate manipulations all represent socialist interventions in the economy. True, we do not yet have a fully socialist economy. But that is why we must be vigilant and label socialist proposals for exactly what they are, so we can maintain and expand economic freedom in America.

economic freedom
"I Have a Plan..."
18 October 2004    Texas Straight Talk 18 October 2004 verse 7 ... Cached
By contrast, capitalism--which is to say economic freedom-- raises the standard of living for everyone in a society. But we must understand what capitalism really is. Capitalism is not a system, but rather the result of free individuals taking economic actions without interference by government. A true capitalist economy is neither planned by bureaucrats nor steered by regulators. This is why it’s so important that we resist the idea that any president should plan our economy. If we accept that government “runs” the economy, we accept a fundamental tenet of socialism. We must understand that economic liberty is every bit as important as political and civil liberties.

economic freedom
The Maestro Changes his Tune
21 February 2005    Texas Straight Talk 21 February 2005 verse 3 ... Cached
Nearly 40 years ago, Federal Reserve chair Alan Greenspan wrote persuasively in favor of a gold monetary standard in an essay entitled Gold and Economic Freedom. In that essay he neatly summarized the fundamental problem with fiat currency in a few short sentences: “The abandonment of the gold standard made it possible for the welfare statists to use the banking system as a means to an unlimited expansion of credit… In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value… Deficit spending is simply a scheme for the ‘hidden’ confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists’ antagonism toward the gold standard.”

economic freedom
Your Taxes Subsidize China
14 August 2006    Texas Straight Talk 14 August 2006 verse 9 ... Cached
I believe that by engaging the Chinese people, opening personal dialogue, and seeking to change their hearts and minds, we soon will see that regime collapse. The laws of economics dictate that a communist system cannot stand for long. But in the same way, I firmly believe there is a higher law which dictates that people exposed to the principles of liberty will not for long allow themselves to remain shackled to an oppressive government. Economic freedom, i.e. capitalism, now has a strong foothold in China. The Chinese people may soon demand political, religious, and personal freedom as well. But in the meantime let’s stop sending tax dollars to support a government we claim to despise.

economic freedom
Pain at the Pump
25 November 2007    Texas Straight Talk 25 November 2007 verse 6 ... Cached
Much of government intervention in the oil industry in the past has been counter-productive and has resulted in disastrous unintended consequences. This Thanksgiving, I am grateful for every mile Americans can still afford to travel to be with family. I am working hard in Congress to reverse the costly trend of government interference and return markets, including oil markets, to true economic freedom.

economic freedom
Can Foreign Aid Save Africa?
09 March 2008    Texas Straight Talk 09 March 2008 verse 8 ... Cached
These efforts, though well-meaning, are misguided. The truth is all the foreign aid in the world will not transform Africa into a thriving, healthy continent. The economic growth of Africa depends on African entrepreneurs, liberalized trade policies, and political and economic freedom. The best thing we could possibly do for Africa and for our own country, is to stop sending misguided aid, and stop protectionist trade practices that prevent African farmers and producers from competing in our markets. Perhaps then Africa's leaders would focus less on how to get aid out of the United States , and more on the economic vitality of their own countries.

Texas Straight Talk from 20 December 1996 to 23 June 2008 (573 editions) are included in this Concordance. Texas Straight Talk after 23 June 2008 is in blog form on Rep. Paul’s Congressional website and is not included in this Concordance.

Remember, not everything in the concordance is Ron Paul’s words. Some things he quoted, and he added some newspaper and magazine articles to the Congressional Record. Check the original speech to see.



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