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U.S. Rep. Ron Paul
economic system

Book of Ron Paul

economic system
State Of The Republic
28 January 1998    1998 Ron Paul 2:103
But these same champions of personal liberty do not hesitate at all to use the same government force they readily condemn in social matters to impose their vision of a fair and equitable economic system on all of us.

economic system
Africa Growth And Opportunity Act
16 July 1999    1999 Ron Paul 77:13
The late economist Ludwig von Mises argued there is a choice of only two economic systems — capitalism or socialism. Intervention, he would say, always begets more interventionism to address the negative consequences of the prior intervention: thus, necessarily leading to yet further intervention until complete socialism is the only possible outcome. This principle remains true even in the case of intervention and free trade.

economic system
A Republic, If You Can Keep It
31 January 2000    2000 Ron Paul 2:39
In truth, the amount of taxes we now pay compared to 100 years ago is shocking. There is little philosophic condemnation by the intellectual community, the political leaders, or the media of this immoral system. This should be a warning sign to all of us that even in less prosperous times we can expect high taxes and that our productive economic system will come under attack.

economic system
February 07, 2001    2001 Ron Paul 7:149
There is growing concern about our future by more and more Americans. They are especially concerned about the moral conditions expressed in our movies, music, and television programs. Less concern is expressed regarding the political and economic system. A nation’s moral foundation inevitably reflects the type of government and, in turn, affects the entire economic and political system.

economic system
February 08, 2001    2001 Ron Paul 10:95
There is growing concern about our future by more and more Americans. They are especially concerned about the moral conditions expressed in our movies, music and television programs. Less concern is expressed regarding the political and economic system. A nation’s moral foundation inevitably reflects the type of government and, in turn, affects the entire economic and political system.

economic system
Sometimes The Economy Needs A Setback
10 September 2001    2001 Ron Paul 77:10
In 1932 an eminent German analyst of business cycles, Wilhelm Ro¨pke, looked back from amid the debris of the Depression. Citing a series of inventions and innovations — railroads, steelmaking, electricity, chemical production, the automobile — he wrote: “The jumpy increases in investment characterizing every boom are usually connected with some technological advance. * * * Our economic system reacts to the stimulus. * * * with the prompt and complete mobilization of all its inner forces in order to carry it out everywhere in the shortest possible time. But this acceleration and concentration has evidently to be bought at the expense of a disturbance of equilibrium which is slowly overcome in time of depression.”

economic system
Stimulating The Economy
February 7, 2002    2002 Ron Paul 5:46
Since we’re moving toward the big correction, we’re going to see a lot more wealth removed from our balance sheets and our retirement accounts. The rampant price inflation that results will erode the purchasing power of all fixed-income retirement funds like Social Security and mean a lower standard living for most people. The routine government response of increasing benefits for living expenses and medical care will never keep up with the needs or demands. Eventually we will have to give up, and a new economic system will have to be devised, as occurred in the Soviet system after 1989.

economic system
Is America a Police State?
June 27, 2002    2002 Ron Paul 64:67
If we avoid the truth, we will be far less well off than if we recognize that just maybe there is some truth in the statements made by the leaders of those who perpetrated the atrocities. If they speak the truth about the real cause, changing our foreign policy from foreign military interventionism around the globe supporting an American empire would make a lot of sense. It could reduce tensions, save money, preserve liberty and preserve our economic system.

economic system
Treasury And General Government Appropriations Act, 2003
23 July 2002    2002 Ron Paul 74:3
While there is no evidence that sanctions and isolation work, there is plenty of evidence — real concrete evidence — that engagement and trade actually bring about democratic change. In the former Soviet-dominated world — particularly in Central Europe — it was American commercial and individual engagement that proved key to the demise of the dictatorships. It was Americans traveling to these lands with new ideas and a different attitude toward government that helped nurture the seeds of discontent among a population living under the yoke of tyranny. It was American commercial activity that brought in products that the closed and controlled economic systems would or could not produce, thus underscoring to the population the failure of planned economies.

economic system
Unintended Consequences
November 14, 2002    2002 Ron Paul 102:1
Mr. Speaker, government efforts at benevolence always backfire. Inevitably, unintended consequences overwhelm the short-term and narrow benefits of authoritarian programs designed to make the economic system fair, the people morally better, and the world safe for democracy. One hundred years of intense government "benevolence" in the United States has brought us to the brink of economic collapse, a domestic police state, and perpetual war overseas. And now our obsession with conquering and occupying Iraq is about to unleash consequences that no one can accurately foresee. The negative possibilities are unlimited and the benefits negligible.

economic system
Republic Versus Democracy
29 January 2003    2003 Ron Paul 6:114
The current economic system of fiat money and interventionism, both domestic and international, serve to accommodate the unreasonable demands for government to take care of the people, and this, in turn, contributes to the worst of human instincts: authoritarian control by the few over the many.

economic system
Condemning The Selection Of Libya To Chair The United Nations Commission On Human Rights
11 February 2003    2003 Ron Paul 19:4
Cuba is an excellent example: the United States has maintained sanctions against that nation for four decades, but its dictator is stronger than ever. The best way to break the hold of dictatorship on a country is to engage and trade with that country. Trade with a repressive regime brings in goods and ideas that undermine the hold of the ruling elites on power. It breaks the monopolization on economic activity that characterizes a closed society and economic system. It weakens dictatorships and it enriches the population.

economic system
Paper Money and Tyranny
September 5, 2003    2003 Ron Paul 93:34
Economic planners of the Keynesian-socialist type have always relished control over money creation in their efforts to regulate and plan the economy. They have no qualms with using this power to pursue their egalitarian dreams of wealth redistribution. That force and fraud are used to make the economic system supposedly fairer is of little concern to them.

economic system
Where To From Here?
November 20, 2004    2004 Ron Paul 81:25
The only thing that allows our borrowing from foreigners to continue is the confidence they place in our economic system, our military might, and the dollar itself. This is all about to change. Confidence in us, with the continuous expansion of our military presence overseas and with a fiscal crisis starring us in the face, is already starting to erode. Besides, paper money — and that’s all the U.S. dollar is — always fails when trust is lost. That’s a fact of history, not someone’s opinion. Be assured trust in paper money never lasts forever.

economic system
The End Of Dollar Hegemony
15 February 2006    2006 Ron Paul 3:34
Even with all the shortcomings of the fiat monetary system, dollar influence thrived. The results seemed beneficial, but gross distortions built into the system remained. And true to form, Washington politicians are only too anxious to solve the problems cropping up with window dressing while failing to understand and deal with the underlying flawed policy. Protectionism, fixing exchange rates, punitive tariffs, politically motivated sanctions, corporate subsidies, international trade management, price controls, interest rate and wage controls, super- nationalist sentiments, threat of force, and even war are resorted to, all to solve the problems artificially created by a deeply flawed monetary and economic system.

economic system
The End Of Dollar Hegemony
15 February 2006    2006 Ron Paul 3:56
Our whole economic system depends on continuing the current monetary arrangement, which means recycling the dollar is crucial. Currently, we borrow over $700 billion every year from our gracious benefactors, who work hard and take our paper for their goods. Then we borrow all the money we need to secure the empire, which includes the entire DOD budget of $450 billion, plus more. The military might we enjoy becomes the backing of our currency. There are no other countries that can challenge our military superiority, and therefore they have little choice but to accept the dollars we declare are today’s “gold.” This is why countries that challenge the system, like Iraq, Iran, and Venezuela, become targets of our plans for regime change.

economic system
Big-Government Solutions Don’t Work
7 september 2006    2006 Ron Paul 74:53
Our own effort at democratizing Iran has resulted, instead, in radicalizing a population whose instincts are to like Americans and our economic system. Our meddling these past 50 years has only served to alienate and unify the entire country against us. Though our officials only see Iran as an enemy, as does Israel, our policies in the Middle East these past 5 years have done wonders to strengthen Iran’s political and military position in the region. We have totally ignored serious overtures by the Iranians to negotiate with us before hostilities broke out in Iraq in 2003.

economic system
Shareholder Vote On Executive Compensation Act
18 April 2007    2007 Ron Paul 43:3
I am as outraged as anybody about a company that can hand out $16 billion in bonuses. But where my disagreement is, is that it is not as a result of free market capitalism; that it is the result of an economic system that we have today which is called economic interventionism, and it leads to these inequities.

economic system
Federal Reserve Monetizes Debt
April 1, 2009    2009 Ron Paul 41:3
You know, they say so often that there is not enough bipartisanship around here. We hear that complaint a lot of time. But, you know, when I look at it, I see that there’s been too much bipartisanship in creating the problem we have had. And it hasn’t been the last – this crisis that we’re in the midst of, this financial crisis, didn’t pop up here in the last 60 days. It didn’t pop up here in the last 8 years, but it’s taken several decades to get to this point where we are today dealing with a budget that is just totally out of control and a monetary and economic system that is uncontrollable as well.

economic system
May 14, 2009    2009 Ron Paul 54:9
The Soviet system collapsed because they couldn’t afford it. Their economic system was a total failure. We did not have to fight the Soviets. Even though they were a nuclear power, they collapsed and disintegrated. And that is what we have to be concerned about, because we cannot continue to finance this system and pursue a policy which endangers us.

Texas Straight Talk

economic system
Asian economic crisis result of suppressed liberty
25 May 1998    Texas Straight Talk 25 May 1998 verse 4 ... Cached
The root of the problem is found in the flawed premise upon which economic systems around the world have been based for the last century. For us to escape the economic malaise being experienced in Asia, we must address those fundamental problems not look for quick-fixes.

economic system
The problem is the currency
21 September 1998    Texas Straight Talk 21 September 1998 verse 14 ... Cached
It's time to consider the fundamentals underlying our financial and economic system. The welfare state is unsustainable, as are our world-wide commitments to bail out everyone and to intervene in every fight.

economic system
The Blessings of Liberty at Christmas
25 December 2000    Texas Straight Talk 25 December 2000 verse 5 ... Cached
225 years later, our undeniable status as the greatest nation on earth is due to our origins as a free society. America is a place of unequaled prosperity. Our capitalist economic system, which is the only system compatible with freedom, creates affluence far beyond that of any other country. Capitalism provides the incentive for tremendous individual achievement, which benefits society as a whole. Americans of all economic classes enjoy a better standard of living and greater opportunities than the inhabitants of any other nation.

economic system
Does Government Run the Economy?
19 August 2002    Texas Straight Talk 19 August 2002 verse 7 ... Cached
Centralized economic planning is disastrous for every society that employs it. From the former Soviet Union to present day China, planned economies have produced little but hardship and bloodshed. The reason for this is simple human nature, because individuals have little incentive to produce when the fruits of their labors are stripped from them. Both history and economic theory demonstrate conclusively that government-run economies lower the standard of living for everyone except government elites charged with the "planning." By contrast, capitalism raises the standard of living for everyone in a society. More importantly, free market capitalism is the only moral economic system because it is the only free economic system. Socialism, communism, and authoritarianism- variants on the same collectivist theme- all use immoral government force to control the economic lives of individuals.

economic system
Does the WTO Serve Our Interests?
16 May 2005    Texas Straight Talk 16 May 2005 verse 8 ... Cached
In reality, the WTO is the third leg of the globalists’ plan for a one-world, centrally-managed economic system. The intention behind the creation of the WTO was to have a third institution to handle the trade side of international economic cooperation, joining two institutions created by Bretton Woods, the World Bank and the International Monetary Fund. For the United States to give up any bit of its sovereignty to these unelected and unaccountable organizations is economic suicide. International organizations can never “manage” trade better than it naturally occurs in a true free market of goods and services. At best, WTO acts as a meddling middleman, taking a cut for unnecessary services provided. At worst, it forces the United States to change its domestic laws in ways that seriously harm our economy and our sovereignty.

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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