U.S. Rep. Ron Paul | Indonesia |
Indonesia
State Of The Republic
28 January 1998 1998 Ron Paul 2:61
The message is this: The politicians will never limit spending, but, eventually, the market will. It has already done so in Thailand, South Korea, the Philippines, Indonesia and Malaysia.
Indonesia
The Bubble
28 April 1998 1998 Ron Paul 39:49
The issue of nationalism is something that cannot be ignored. Immediately after the collapse in East Asia, Malaysia began shipping out hundreds of immigrants from Indonesia as a reaction to their economic problems. Resentment in Germany, France, and England is growing toward workers from other countries.
Indonesia
The Indonesia Crisis
19 May 1998 1998 Ron Paul 52:2
ECONOMIC FALLACY Belief that an artificial boom, brought about by Central Bank credit creation, can last forever is equivalent to finding the philosopher’s stone. Wealth cannot be created out of thin air, and new money and credit, although it can on the short-term give an illusion of wealth creation, is destructive of wealth on the long run. This is what we are witnessing in Indonesia — the long run — and it’s a much more destructive scenario than the currently collapsing financial system in Japan. All monetary inflation, something all countries of the world are now participating in, must by their very nature lead to an economic slump.
Indonesia
The Indonesia Crisis
19 May 1998 1998 Ron Paul 52:3
The crisis in Indonesia is the predictable consequence of decades of monetary inflation. Timing, severity, and duration of the correction, is unpredictable. These depend on political perceptions, realities, subsequent economic policies, and the citizen’s subjective reaction to the ongoing events. The issue of trust in the future and concerns for personal liberties greatly influences the outcome. Even a false trust, or an ill-founded sense of security from an authoritarian leader, can alter the immediate consequences of the economic corrections, but it cannot prevent the inevitable contraction of wealth as is occurring slowly in the more peaceful Japan and rapidly and violently in Indonesia.
Indonesia
The Indonesia Crisis
19 May 1998 1998 Ron Paul 52:4
The illusion of prosperity created by inflation, and artificially high currency values, encourage over-expansion, excessive borrowing and delusions that prosperity will last forever. This attitude was certainly present in Indonesia prior to the onset of the economic crisis in mid 1997. Even military spending by the Indonesian government was enjoying hefty increases during the 1990’s. All that has quickly ended as the country now struggles for survival.
Indonesia
The Indonesia Crisis
19 May 1998 1998 Ron Paul 52:5
But what we cannot lose sight of is that the Indonesia economic bubble was caused by a flawed monetary policy which led to all the other problems. Monetary inflation is the mother of all crony “capitalism.”
Indonesia
The Indonesia Crisis
19 May 1998 1998 Ron Paul 52:7
A correction can be either deflationary or inflationary or have characteristics of both. Today, in Indonesia, the financial instruments and real estate are deflating in price, while consumer prices are escalating at the most rapid rate in 30 years due to the depreciation of the rupiah. Indonesia is in the early stages of an inflationary depression — a not unheard of result of sustained Central Bank inflationary policy. Many believe price inflation only occurs with rapid growth. This is not so.
Indonesia
The Indonesia Crisis
19 May 1998 1998 Ron Paul 52:8
Blame is misplaced. Rarely is the Central Bank and paper money blamed — unless a currency value goes to zero. In Indonesia the most vulnerable scapegoat has been the Chinese businessmen, now in threat of their lives and fleeing the country.
Indonesia
The Indonesia Crisis
19 May 1998 1998 Ron Paul 52:10
“Crony capitalism” was not the cause of Indonesia’s trouble. Inflationism and political corruption allows crony capitalism to exist. It would be better to call it economic interventionism for the benefit of special interests — a mild form of fascism — than to abuse the free market term of capitalism.
Indonesia
The Indonesia Crisis
19 May 1998 1998 Ron Paul 52:12
Errors in economic thinking prompt demands from the masses for more government programs to “take care” of the rapidly growing number of poor. Demands for more socialism and price controls results whether it’s in education, medical care, unemployment benefits or whatever — all programs that Indonesia cannot afford even if they tried to appease the rioting populous.
Indonesia
The Indonesia Crisis
19 May 1998 1998 Ron Paul 52:13
SOLUTIONS ATTEMPTED The IMF’s $43 billion bailout promise has done nothing to quell the panic in the streets of Jakarta. If anything, conditions have worsened the Indonesians deeply resent the austere conditions demanded by the IMF. Since the U.S. is the biggest contributor to the IMF and the world financial and military cop, resentment toward the United States is equal to that of the IMF. The Indonesian people know they won’t be helped by the bailout. They already see their jobs disappearing and prices soaring. The political and economic future, just a few months ago looking rosy, but it is now bleak beyond all description. Indonesians know what the American taxpayers know; the IMF bailout helps the rich lenders who for decades made millions but now want their losses covered by weak victims. Is there any wonder resentment and rage prevails in Indonesia?
Indonesia
The Indonesia Crisis
19 May 1998 1998 Ron Paul 52:14
The U.S. has just sent a military delegation to study and obviously advise the Indonesian government regarding the law and order crisis now in process. Our officials say that we’re there to watch that the Indonesian military do not abuse the rights of Indonesian citizens. Even if true, and well motivated, where did this authority come from for us to run to the scene of the crime — on the other side of the world and pretend we have all the answers. Proper authority or not put aside, the Indonesian people perceive even a few U.S. military advisors as a further threat to them. The U.S. is seen as an extension of the IMF and is expected to more likely side with the Indonesian military than with the demonstrators. No government likes to see any dissolution of government power even the questionable ones. It might encourage others unhappy with their own government. And it is not like the U.S. government is innocent and benign, considering our recent history at Kent State, Waco, and Ruby Ridge and the hundreds of no-knock entries made in error, causing loss of life, multiple injuries and destruction of property. Let us make sure our own government acts responsibly in all matters of law and order here at home before we pretend we can save the world — a responsibility not achievable even if motivated with the best of intentions.
Indonesia
The Indonesia Crisis
19 May 1998 1998 Ron Paul 52:15
Effort to prop up an ailing economy after the financial bubble has been popped, prolongs the agony and increases the severity of the correction. Japan’s bubble burst in 1989 and there is not yet any sign of the cleansing of the system of bad debt and mal-investment which is necessary before sound growth will resume. And Indonesia is embarking on the same predictable course. Restoration of free markets, and establishing sound monetary policy has not yet been considered. The people of Indonesia and the rest of the world should prepare for the worst as this crisis spreads. For Congress, the most important thing is to forget the notion that further taxing American workers to finance a bail-out, that won’t work, is the worst policy of all for us to pursue.
Indonesia
The Indonesia Crisis
19 May 1998 1998 Ron Paul 52:16
The Indonesian government had one idea worth considering under these very difficult circumstances. They wanted to replace their central bank with a currency board. It’s not the gold standard, but it would have been a wise choice under current conditions. But the United States and the IMF insisted that in order to qualify for IMF funding this idea had to be rejected outright and the new central bank for Indonesia had to be patterned after the Federal Reserve with, I’m sure, ties to it for directions from Greenspan and company. A currency board would allow a close linkage of the rupiah to the dollar, its value controlled by market forces, and would have prevented domestic Indonesia monetary inflation — the principle cause of the economic bubble now collapsed. The shortcoming of a currency board is that the Indonesian currency and economy would be dependent on dollar stability which is far from guaranteed.
Indonesia
The Indonesia Crisis
19 May 1998 1998 Ron Paul 52:17
REFUSAL In the approximately 8 months since the crisis hit Indonesia there has been no serious look at the underlying cause — monetary inflation brought about by a central bank. Nor has any serious thought gone into the internationalization of credit as United States exports of billions of dollars, and thus our own inflation, to most nations of the world who hold these dollars in reserve and use them to further inflate their own currencies. Our huge negative trade balance and foreign debt is not considered by conventional wisdom to be relevant to the Asian currency problems, yet undoubtedly it is. True reform to deal with the growing worldwide crisis can only be accomplished by us first recognizing the underlying economic errors that caused the current crisis.
Indonesia
The Indonesia Crisis
19 May 1998 1998 Ron Paul 52:19
Concern for personal liberty is not a subject associated with the crisis and is an ongoing casualty of past and current policy. A greater concern for individual liberty will be required if a positive outcome is to be expected from the fall-out of the Indonesian crisis. Let’s hope we can get our priorities straight. Congress has an obligation not to worsen the crisis by capitulating to more bail-outs and to remain vigilant enough to keep the administration from accomplishing the same bail-out through Executive Orders outside the law.
Indonesia
The Indonesia Crisis
19 May 1998 1998 Ron Paul 52:20
MESSAGE What should the message be to the Congress and the American people regarding this sudden and major change in the economic climate in Indonesia? First and foremost is that since we operate with a fiat currency, as do all the countries of the world, we are not immune from a sudden and serious economic adjustment — at any time. Dollar strength and our ability to spend dollars overseas, without penalty, will not last forever. Confidence in the U.S. economy, and the dollar will one day be challenged. The severity of the repercussion is not predictable but it could be enormous. Our obligation, as Members of Congress, is to protect the value of the dollar, not to deliberately destroy it, in an attempt to prop up investors, foreign governments or foreign currencies. That policy will only lead to a greater crisis for all Americans.
Indonesia
The Indonesia Crisis
22 May 1998 1998 Ron Paul 54:2
ECONOMIC FALLACY Belief that an artificial boom, brought about by Central Bank credit creation, can last forever is equivalent to finding the philosopher’s stone. Wealth cannot be created out of thin air. New money and credit, although it can on the short-term give an illusion of wealth creation, is destructive of wealth on the long run. This is what we are witnessing in Indonesia — the long run — and it’s a much more destructive scenario than the currently collapsing financial system in Japan. All monetary inflation, something nearly all countries of the world are now participating in, must by their very nature lead to an economic slump.
Indonesia
The Indonesia Crisis
22 May 1998 1998 Ron Paul 54:3
The crisis in Indonesia is the predictable consequence of decades of monetary inflation. Timing, severity, and duration of a correction, is unpredictable. These depend on political perceptions, realities, subsequent economic policies, and the citizen’s subjective reaction to the ongoing events. The issue of trust in the future and concerns for personal liberties greatly influence the outcome. Even a false trust, or an ill-founded sense of security from an authoritarian leader, can alter the immediate consequences of the economic corrections, but it cannot prevent the inevitable contraction of wealth as is occurring slowly in the more peaceful Japan and rapidly and violently in Indonesia.
Indonesia
The Indonesia Crisis
22 May 1998 1998 Ron Paul 54:4
The illusion of prosperity created by inflation, and artificially high currency values, encourage over-expansion, excessive borrowing and delusions that prosperity will last forever. This attitude was certainly present in Indonesia prior to the onset of the economic crisis in mid 1997. Even military spending by the Indonesian government was enjoying hefty increases during the 1990’s. All that has quickly ended as the country now struggles for survival.
Indonesia
The Indonesia Crisis
22 May 1998 1998 Ron Paul 54:5
But what we cannot lose sight of is that the Indonesia economic bubble was caused by a flawed monetary policy which led to all the other problems. Monetary inflation is the mother of all “crony capitalism.”
Indonesia
The Indonesia Crisis
22 May 1998 1998 Ron Paul 54:7
A correction can be either deflationary or inflationary or have characteristics of both. Today, in Indonesia, the financial instruments and real estate are deflating in price, while consumer prices are escalating at the most rapid rate in 30 years due to the depreciation of the rupiah. Indonesia is in the early stages of an inflationary depression — a not unheard of result of sustained Central Bank inflationary policy. Many believe price inflation only occurs with rapid growth. This is not so.
Indonesia
The Indonesia Crisis
22 May 1998 1998 Ron Paul 54:8
Blame is misplace. Rarely is the Central Bank and irredeemable paper money blamed — unless a currency value goes toward zero. In Indonesia the most vulnerable scapegoat has been the Chinese businessmen who are now in threat of their lives and fleeing the country.
Indonesia
The Indonesia Crisis
22 May 1998 1998 Ron Paul 54:10
“Crony capitalism” was not the cause of Indonesia’s trouble. Inflationism and political corruption allow crony capitalism to exist. It would be better to call it economic interventionism for the benefit of special interests — a mild form of fascism — than to abuse the free market term of capitalism.
Indonesia
The Indonesia Crisis
22 May 1998 1998 Ron Paul 54:12
Errors in economic thinking prompt demands from the masses for more government programs to take care of the rapidly growing number of poor. Demands for more socialism and price controls result whether it’s in education, medical care, unemployment benefits or whatever — all programs that Indonesia cannot afford even if they tried to appease the rioting populous.
Indonesia
The Indonesia Crisis
22 May 1998 1998 Ron Paul 54:13
SOLUTIONS ATTEMPTED The IMF’s $43 billion bailout promise has done nothing to quell the panic in the streets of Jakarta. If anything, conditions have worsened. The Indonesians deeply resent the austere conditions demanded by the IMF. Since the United States is the biggest contributor to the IMF and the world financial and military cop, resentment toward the United States is equal to that of the IMF. The Indonesian people know they won’t be helped by the bailout. They already see their jobs disappearing and prices soaring. The political and economic future, just a few months ago looking rosy, is now bleak beyond all description. Indonesians know what the American taxpayers know: the IMF bailout helps the rich lenders who for decades made millions but now want their losses covered by weak victims. Is there any wonder resentment and rage prevail in Indonesia?
Indonesia
The Indonesia Crisis
22 May 1998 1998 Ron Paul 54:14
The United States has just sent a military delegation to study and obviously advise the Indonesian government regarding the law and order crisis now in process. Our officials say that we’re there to watch that the Indonesian military does not abuse the rights of Indonesian citizens. Even if true, and well motivated, where did this authority come from for us to run to the scene of the crime — on the other side of the world — and pretend we have all the answers? Putting aside the question of whether there is proper authority or not, the Indonesian people perceive even a few U.S. military advisors as a further threat to them. The IMF is seen as an extension of the United States and is expected to more likely side with the Indonesian military that with the demonstrators. No government, even the questionable ones, likes to see any dissolution of governmental power. It might encourage others unhappy with their own government. And it is not as if the U.S. Government is innocent and benign, considering our recent history at Kent State, Waco, and Ruby Ridge and the hundreds of no-knock entries made in error, causing loss of life, multiple injuries and destruction of property. Let us make sure our own government acts responsibly in all matters of law and order here at home before we pretend we can save the world — a responsibility not achievable even if motivated with the best of intentions.
Indonesia
The Indonesia Crisis
22 May 1998 1998 Ron Paul 54:15
Effort to prop up an ailing economy after the financial bubble has been popped, prolongs the agony and increases the severity of the correction. Japan’s bubble burst in 1989, and there is not yet any sign of the cleansing of the system of bad debt and mal-investment which is necessary before sound growth will resume. And Indonesia is embarking on the same predictable course. Restoration of free markets, including the establishment of a sound monetary policy, has not yet been considered. The people of Indonesia and the rest of the world should prepare for the worst as this crisis spreads. For Congress, the most important thing is to forget the notion that further taxing American workers to finance a bail-out will work. It won’t work — it is the worst policy of all for us to pursue.
Indonesia
The Indonesia Crisis
22 May 1998 1998 Ron Paul 54:16
The Indonesian Government had one idea worth considering under these very difficult circumstances. They wanted to replace their central bank with a currency board. It’s not as good as gold standard, but it would have been a wise choice under current conditions. But the United States and the IMF insisted that in order to qualify for IMF funding this idea had to be rejected outright and the new central bank for Indonesia had to be patterned after the Federal Reserve with, I’m sure, ties to it for directions from Federal Reserve Board Governor Alan Greenspan and company. A currency board would allow a close linkage of the rupiah to the dollar, with its value controlled by market forces, and would have prevented domestic Indonesia monetary inflation — the principle cause of the economic bubble now collapsed. The shortcoming of a currency board tied to the U.S. dollar is that the Indonesian currency and economy would be dependent on dollar stability which is far from guaranteed.
Indonesia
The Indonesia Crisis
22 May 1998 1998 Ron Paul 54:17
REFUSAL In the approximately eight months since the crisis hit Indonesia, there has been no serious look at the underlying cause: monetary inflation brought about by a central bank. Nor has any serious thought gone into the internationalization of credit as United States exports of billions of dollars, and thus our own inflation, to most nations of the world which hold these dollars in reserve and use them to further inflate their own currencies. Our huge negative trade balance and foreign debt is not considered by conventional wisdom to be relevant to the Asian currency problems, yet undoubtedly it is. True reform to deal with the growing worldwide crisis can only be accomplished by us first recognizing the underlying economic errors that caused the current crisis.
Indonesia
The Indonesia Crisis
22 May 1998 1998 Ron Paul 54:19
Concern for personal liberty is not a subject associated with the crisis and is an ongoing casualty of past and current policy. A greater concern for individual liberty will be required if a positive outcome is to be expected from the fall-out of the Indonesian crisis. Let’s hope we can get our priorities straight. Congress has an obligation not to worsen the crisis by capitulating to more bail-outs and to remain vigilant enough to keep the administration from accomplishing a similar bail-out through Executive Orders outside the law.
Indonesia
The Indonesia Crisis
22 May 1998 1998 Ron Paul 54:20
MESSAGE What should the message be to the Congress and the American people regarding this sudden and major change in the economic climate in Indonesia? First and foremost is that since we operate with a fiat currency, as do almost all the countries of the world. We are not immune from a sudden and serious economic adjustment — at any time. Dollar strength and our ability to spend dollars overseas, without penalty, will not last forever. Confidence in the U.S. economy, and the dollar, will one day be challenged. The severity of the repercussion is not predictable but it could be enormous. Our obligation, as Members of Congress, is to protect the value of the dollar, not to destroy it deliberately, in an attempt to prop up investors, foreign governments or foreign currencies. That policy will only lead to a greater crisis for all Americans.
Indonesia
Congress Relinquishing The Power To Wage War
2 February 1999 1999 Ron Paul 4:86
There is good reason why we in the Congress should be concerned. A dollar crisis is an economic crisis that will threaten the standard of living of many Americans. Economic crises frequently lead to political crises, as is occurring in Indonesia.
Indonesia
East Timor
28 September 1999 1999 Ron Paul 99:1
Mr. PAUL. Mr. Speaker, I rise in opposition to this resolution, not because I lack concern for the serious problems that the East Timorese are undergoing, and not for lack of humanitarian concerns for this group of people or anybody in the world. It is just that there is another side to the argument for us intervening. And, besides, we helped create the problem in Indonesia.
Indonesia
East Timor
28 September 1999 1999 Ron Paul 99:2
In the 1970’s, we were very supportive of the Indonesian Government in their takeover of East Timor after it became independent from Portugal. So once again, here we are intervening.
Indonesia
Humanitarian Aid
28 September 1999 1999 Ron Paul 100:3
For instance, the gentleman talks about the thugs that are in Indonesia, those who are violating the rights of the East Timorese. We have to realize that they have been our allies and we helped set up the situation. So our interventions do not always do what we want.
Indonesia
Humanitarian Aid
28 September 1999 1999 Ron Paul 100:4
Also, the gentleman talks about the Soviets. We supported the Soviets. Mr. LANTOS. Reclaiming my time, if I may, Mr. Speaker. If I may remind my colleague of history, it was President Ford and under President Ford’s tenure that we acquiesced in the occupation of East Timor by the Indonesian military.
Indonesia
OUR FOOLISH WAR IN THE MIDDLE EAST
November 15, 2000 2000 Ron Paul 95:13
* The turmoil in the Middle East is now spilling over into Indonesia, a country made up of 17,000 islands and very vulnerable to political instability, especially since its currency and financial crisis of a few years ago. Indonesia is the world’s fourth largest nation, with the largest Muslim population of any country. Hatred toward the West, and especially America, due to the Middle East policy, has led to Christian persecution in Indonesia. The embassy is now closed, and American ambassador Robert Gelbard has been recalled after his life was threatened.
Indonesia
Statement Opposing the use of Military Force against Iraq
October 8, 2002 2002 Ron Paul 96:36
Reality: Iraq is but one of the many countries that have not complied with UN Security Council resolutions. In addition to the dozen or so resolutions currently being violated by Iraq, a conservative estimate reveals that there are an additional 91Security Council resolutions by countries other than Iraq that are also currently being violated. Adding in older resolutions that were violated would mean easily more than 200 UN Security Council resolutions have been violated with total impunity. Countries currently in violation include: Israel, Turkey, Morocco, Croatia, Armenia, Russia, Sudan, Turkey-controlled Cyprus, India, Pakistan, Indonesia. None of these countries have been threatened with force over their violations.
Indonesia
The Shrimp Importation Financing Fairness Act
October 8, 2002 2002 Ron Paul 97:6
Seven foreign countries (Thailand, Vietnam, India, China, Ecuador, Indonesia, and Brazil) have taken advantage of the domestic shrimping industry’s government-created vulnerabilities. These countries have each exported in excess of 20,000,000 pounds of shrimp to the United States in the first 6 months of this year. These seven countries account for nearly 70 percent of all shrimp consumed in the United States in the first six months of this year and nearly 80 percent of all shrimp imported to this country in the same period!
Indonesia
Shrimp Importation Financing Fairness Act
7 January 2003 2003 Ron Paul 3:6
Seven foreign countries (Thailand, Vietnam, India, China, Ecuador, Indonesia, and Brazil) have taken advantage of the domestic shrimping industry’s government-created vulnerabilities. These countries each exported in excess of 20,000,000 pounds of shrimp to the United States in the first 6 months of 2002. These seven countries account for nearly 70 percent of all shrimp consumed in the United States in the first six months of this year and nearly 80 percent of all shrimp imported to this country in the same period!
Indonesia
Stop Subsidizing Foreign Shrimpers
July 25, 2003 2003 Ron Paul 92:3
Seven foreign countries (Thailand, Vietnam, India, China, Ecuador, Indonesia, and Brazil) have taken advantage of the domestic shrimping industry’s government-created vulnerabilities. These countries each exported in excess of 20,000,000 pounds of shrimp to the United States in the first 6 months of 2002. These seven countries supplied nearly 70 percent of all shrimp consumed in the United States in the first six months of 2002, and nearly 80 percent of all shrimp imported to this country in the same period!
Indonesia
- Neutrality and dialogue, not intervention, will secure peace
24 November 1997 Texas Straight Talk 24 November 1997 verse 13 ... Cached
Our foreign policy is without sense or reason. We subsidize China to the tune of many billions of dollars, although their record on human rights is every bit as bad as Iraq. Not only that, but China probably represents the greatest threat to world peace of all the countries in the world. Further, we are currently bailing-out Indonesia, although it too, violates the civil liberties of their own people. The U.S. criticizes Iraq for the treatment of the Kurds; yet Turkey's policy is the same and we reward them with more American dollars. Kuwait and Saudi Arabia have hardly been champions of civil liberties for minority religious groups or women, and yet we sacrificed American lives for them. The determining factor in all this seems to be who's controlling the oil. Human rights issues and provoked threats from Hussein seem to be nothing more than propaganda tools for the politicians.
Indonesia
Asian economic crisis result of suppressed liberty
25 May 1998 Texas Straight Talk 25 May 1998 verse 6 ... Cached
The crisis in Indonesia is the predictable consequence of decades of monetary inflation. Timing, severity, and duration of the correction, is unpredictable. These depend on political perceptions, the day's realities, subsequent economic policies, and the citizenry's reaction to the escalating events. The issue of trust in the future and concerns for personal liberties greatly influences the outcome, as well. Even a false trust, or an ill-founded sense of security from an authoritarian leader, can alter the immediate consequences of economic malaise, but it cannot prevent the inevitable collapse, as is occurring slowly in the more peaceful Japan and rapidly and violently in Indonesia.
Indonesia
Asian economic crisis result of suppressed liberty
25 May 1998 Texas Straight Talk 25 May 1998 verse 7 ... Cached
But what we cannot lose sight of is that the Indonesian economic bubble was caused by a flawed monetary policy which led to all the other problems. Monetary inflation is the mother of all "crony capitalism."
Indonesia
Asian economic crisis result of suppressed liberty
25 May 1998 Texas Straight Talk 25 May 1998 verse 9 ... Cached
"Crony capitalism" was not the cause of Indonesia's trouble; inflationism and political corruption are the culprits, for they allow 'crony capitalism' to exist. In fact, there is nothing "capitalistic" (in a free market sense) about crony capitalism - it is simply a mild form of fascism.
Indonesia
Asian economic crisis result of suppressed liberty
25 May 1998 Texas Straight Talk 25 May 1998 verse 11 ... Cached
Further, international efforts to prop-up an ailing economy after the financial bubble has popped prolongs the agony and increases the severity of the correction. Restoration of free markets, including the establishment of a sound monetary policy, has not yet been considered though those are the only real solutions. The people of Indonesia and the rest of the world should prepare for the worst as this crisis spreads.
Indonesia
Asian economic crisis result of suppressed liberty
25 May 1998 Texas Straight Talk 25 May 1998 verse 14 ... Cached
Concern for liberty is not a subject associated with economic crisis and is in fact an ongoing casualty of past and current policy. A greater concern for the philosophy of liberty - whether it is the "personal liberty" of the individual or freedom in the marketplace - is required if a positive outcome is to be expected from the Indonesian crisis.
Indonesia
The problem is the currency
21 September 1998 Texas Straight Talk 21 September 1998 verse 7 ... Cached
The near anarchy in Russia, the food riots in Indonesia, and the growing recession in Japan are signs of conditions spreading across the globe. And unfortunately, there is no sign that correct policy will soon be instituted - anywhere.
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.