U.S. Rep. Ron Paul | Ludwig von Mises |
Ludwig von Mises
Credit Union Membership Access Act
1 April 1998 1998 Ron Paul 33:8
In addition to all of the problems associated with the obligations and requirements that the government regulations impose on the productive, private sectors of the economy, the regulations amount to a government credit allocation scheme. As Ludwig von Mises explained well in the Theory of Money and Credit in 1912, governmental credit allocation is a misdirection of credit which leads to malinvestment and contributes to an artificial boom and bust cycle. Nobel laureate Frederick A. Hayek and Murray Rothbard expounded on this idea.
Ludwig von Mises
The Bubble
28 April 1998 1998 Ron Paul 39:26
There is also very poor understanding regarding economic interventionism, the system most nations of the world accept today. Today’s interventionism is not close to a free market. The great Austrian economist Ludwig von Mises consistently pointed out that interventionism always leads to a form of socialism, which then eliminates the apparent benefits of interventionism.
Ludwig von Mises
Education Debate
16 October 1998 1998 Ron Paul 121:4
This bill is the largest tax credit for education in the history of our great Republic and it returns the fundamental principal of a truly free economy to America’s education system: what the great economist Ludwig von Mises called “consumer sovereignty.” Consumer sovereignty simply means consumers decide who succeeds or fails in the market. Businesses that best satisfy consumer demand will be the most successful. Consumer sovereignty is the means by which the free market maximizes human happiness.
Ludwig von Mises
Introducing The Family Education Freedom Act
2 March 1999 1999 Ron Paul 11:2
The Family Education Freedom Act returns the fundamental principal of a truly free economy to America’s education system: what the great economist Ludwig von Mises called “consumer sovereignty.” Consumer sovereignty simply means consumers decide who succeeds or fails in the market. Businesses that best satisfy consumer demand will be the most successful. Consumer sovereignty is the means by which the free market maximizes human happiness.
Ludwig von Mises
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.
Ludwig von Mises
Academic Achievement for All Students Freedom and Accountability Act (STRAIGHT “A’s”)
21 October 1999 1999 Ron Paul 109:7
The Family Education Freedom Act returns the fundamental principal of a truly free economy to America’s education system: what the great economist Ludwig von Mises called “consumer sovereignty.” Consumer sovereignty simply means consumers decide who succeeds or fails in the market. Businesses that best satisfy consumer demand will be the most successful. Consumer sovereignty is the means by which the free society maximizes human happiness.
Ludwig von Mises
REVIEW ARTICLE ON ‘NEW MATH’
February 10, 2000 2000 Ron Paul 7:5
* Williamson Evers is a research fellow at the Hoover Institution, an adjunct professor of political science at Santa Clara University, a research fellow at the Independent Institute and an adjunct fellow of the Ludwig Von Mises Institute. Mr. Evers has served on the California State Commission for the Establishment of Academic Content and Performance Standards and he is currently a member of the California State Standardized Testing and Reporting (STAR) assessment system’s Content Review Panels for history and mathematics as well as the Advisory Board of the Californian History-Social Science Project. Mr. Evers is the editor of What’s Gone Wrong in America’s Classrooms (Hoover Institution Press, 1998). Mr. Evers has been published in numerous scholarly and popular periodicals, including the New York Times, the Wall Street Journal, the Los Angeles Times, and the Christian Science Monitor. (BY BILL EVERS)
Ludwig von Mises
END-OF-SESSION ISSUES
October 11, 2000 2000 Ron Paul 85:4
This bill creates the largest tax credit for K-12 education in the history of our great Republic and it returns the fundamental principle of a truly free economy to America’s education system: what the great economist Ludwig von Mises called ‘consumer sovereignty.’
Ludwig von Mises
INTRODUCTION OF THE FAMILY EDUCATION FREEDOM ACT — HON. RON PAUL
Wednesday, January 31, 2001 2001 Ron Paul 3:2
* The Family Education Freedom Act returns the fundamental principal of a truly free economy to America’s education system: what the great economist Ludwig von Mises called “consumer sovereignty”. Consumer sovereignty simply means consumers decide who succeeds or fails in the market. Businesses that best satisfy consumer demand will be the most successful. Consumer sovereignty is the means by which the free market maximizes human happiness.
Ludwig von Mises
Statement on the Congressional Education Plan
May 22, 2001 2001 Ron Paul 38:11
The Family Education Freedom Act returns the fundamental principle of a truly free economy to America’s education system: what the great economist Ludwig von Mises called “consumer sovereignty.” Consumer sovereignty simply means consumers decide who succeeds or fails in the market. Businesses that best satisfy consumer demand will be the most successful. Consumer sovereignty is the means by which the free society maximizes human happiness.
Ludwig von Mises
Statement on the Financial Services committee’s “Views and Estimates for Fiscal Year 2003”
February 28, 2002 2002 Ron Paul 12:3
The committee also expresses unqualified support for programs such as the Export-Import Bank (EX-IM) which use taxpayer dollars to subsidize large, multinational corporations. Ex-Im exists to subsidize large corporations that are quite capable of paying the costs of their own export programs! Ex-Im also provides taxpayer funding for export programs that would never obtain funding in the private market. As Austrian economists Ludwig Von Mises and F.A. Hayek demonstrated, one of the purposes of the market is to determine the highest value of resources. Thus, the failure of a project to receive funding through the free market means the resources that could have gone to that project have a higher-valued use. Government programs that take funds from the private sector and use them to fund projects that cannot get market funding reduce economic efficiency and lower living standards. Yet Ex-Im actually brags about its support for projects rejected by the market!
Ludwig von Mises
25 July 2002
Monetary Practices 2002 Ron Paul 78:5
A CLASSIC HAYEKIAN HANGOVER (By Roger Garrison and Gene Callahan) Are investment booms followed by busts like drinking binges are followed by hangovers? Dubbing the idea “The Hangover Theory” (Slate, 12/3/98), Paul Krugman has attempted to denigrate the business-cycle theory introduced early last century by Austrian economist Ludwig von Mises and developed most notably by Nobelist F. A. Hayek.
Ludwig von Mises
Abolishing The Federal Reserve
10 September 2002 2002 Ron Paul 86:1
Mr. PAUL. Mr. Speaker, I rise to introduce legislation to restore financial stability to America’s economy by abolishing the Federal Reserve. I also ask unanimous consent to insert the attached article by Lew Rockwell, president of the Ludwig Von Mises Institute, which explains the benefits of abolishing the Fed and restoring the gold standard, into the RECORD.
Ludwig von Mises
The Family Education Freedom Act
February 5, 2003 2003 Ron Paul 13:2
The Family Education Freedom Act returns the fundamental principal of a truly free economy to America’s education system: what the great economist Ludwig von Mises called “consumer sovereignty”. Consumer sovereignty simply means consumers decide who succeeds or fails in the market. Businesses that best satisfy consumer demand will be the most successful. Consumer sovereignty is the means by which the free market maximizes human happiness.
Ludwig von Mises
The Financial Services Committee’s Terrible Blueprint for 2004
February 28, 2003 2003 Ron Paul 27:4
The committee also expresses unqualified support for programs such as the Export-Import Bank (Ex-Im), which use taxpayer dollars to subsidize large multinational corporations. Ex-Im exists to subsidize corporations that are quite capable of paying the costs of their own export programs! Ex-Im also provides taxpayer funding for export programs that would never obtain funding in the private market. As Austrian economists Ludwig Von Mises and F.A. Hayek demonstrated, one of the purposes of the market is to determine the highest value of resources. Thus, the failure of a project to receive funding through the free market means the resources that could have gone to that project have a higher-valued use. Government programs that take funds from the private sector and use them to fund projects that cannot get market funding reduce economic efficiency and lower living standards. Yet Ex-Im actually brags about its support for projects rejected by the market!
Ludwig von Mises
Paper Money and Tyranny
September 5, 2003 2003 Ron Paul 93:41
Nearly 100 years ago, Austrian economist Ludwig von Mises explained and predicted the failure of socialism. Without a pricing mechanism, the delicate balance between consumers and producers would be destroyed. Freely fluctuating prices provide vital information to the entrepreneur who is making key decisions on production. Without this information, major mistakes are made. A central planning bureaucrat cannot be a substitute for the law of supply and demand.
Ludwig von Mises
Tribute To Larry Reed
25 september 2003 2003 Ron Paul 102:6
Mr. Speaker, the great economist Ludwig Von Mises once said that “everyone. . . . must thrust himself vigorously into the intellectual battle. None can stand aside with unconcern; the interests of everyone hang on the result. Whether he chooses or not, every man is drawn into the great historic struggle, the decisive battle into which our epoch has plunged.” Few have so vigorously thrust themselves into the intellectual and policy battle on the side of freedom as Larry Reed. It is therefore my privilege to pay tribute to this champion of liberty on his 50th birthday.
Ludwig von Mises
American Dream Downpayment Act
1 October 2003 2003 Ron Paul 104:3
As the great economist Ludwig Von Mises pointed out, questions of the proper allocation of resources for housing and other goods should be determined by consumer preference in the free market. Resources removed from the market and distributed according to the preferences of government politician and bureaucrats are not devoted to their highest-valued use. Thus, government interference in the economy results in a loss of economic efficiency and, more importantly, a lower standard of living for all citizens.
Ludwig von Mises
The Financial Services Committees “Views and Estimates for 2005”
February 26, 2004 2004 Ron Paul 7:12
The committee also expresses unqualified support for programs such as the Export-Import Bank (Ex-Im) that use taxpayer dollars to subsidize large multinational corporations. Ex-Im exists to subsidize large corporations that are quite capable of paying the costs of their own export programs! Ex-Im also provides taxpayer funding for export programs that would never obtain funding in the private market. As Austrian economists Ludwig Von Mises and F.A. Hayek demonstrated, one of the purposes of the market is to determine the highest value uses of resources. Thus, the failure of a project to receive funding through the free market means the resources that could have gone to that project have a higher-valued use. Government programs that take funds from the private sector and use them to fund projects that cannot obtain market funding reduce economic efficiency and decrease living standards. Yet, Ex-Im actually brags about its support for projects rejected by the market!
Ludwig von Mises
Family Education Freedom Act
26 January 2005 2005 Ron Paul 9:2
The Family Education Freedom Act returns the fundamental principle of a truly free economy to America’s education system: what the great economist Ludwig von Mises called “consumer sovereignty.” Consumer sovereignty simply means consumers decide who succeeds or fails in the market. Businesses that best satisfy consumer demand will be the most successful. Consumer sovereignty is the means by which the free market maximizes human happiness.
Ludwig von Mises
United States Should Leave World Trade Organization
9 June 2005 2005 Ron Paul 57:11
Now the President of the Ludwig von Mises Institute, a free market think tank, from Auburn, Alabma said, “The World Trade Organization is supposed to be the great apparatus to push the world to greater economic integration. In reality, it was nothing but the resurrection of the old central planning fallacy that the world needs a central authority to manage it. The WTO has ended up politicizing trade by putting the stamp of officialdom on some very bad policy.”
Ludwig von Mises
Introduction Of The Sunshine In Monetary Policy Act
7 March 2006 2006 Ron Paul 10:2
The Federal Reserve Board has recently announced it will stop reporting M3, thus depriving Congress and the American people of the most comprehensive measure of the money supply. The cessation of Federal Reserve’s weekly M3 report will make it more difficult for policymakers, economists, investors, and the general public to learn the true rate of inflation. As Nobel laureate Milton Friedman famously said, “inflation is always and everywhere a monetary phenomenon.” Therefore, having access to a comprehensive measure of the money supply like M3 is a vital tool for those seeking to track inflation. Thorsten Polleit, honorary professor at HfB-Business School of Finance and Management, in his article “Why Money Supply Matters” posted on the Ludwig von Mises Institute’s website mises.org, examined the relationship between changes in the money supply and inflation and concluded that “money supply signals might actually be far more important for inflation — even in the short-term — than current central bank practice suggests,” thus demonstrating the importance of the M3 aggregate.
Ludwig von Mises
Introduction Of The Family Education Freedom Act
14 february 2007 2007 Ron Paul 29:2
The Family Education Freedom Act returns the fundamental principal of a truly free economy to America’s education system: what the great economist Ludwig von Mises called “consumer sovereignty”. Consumer sovereignty simply means consumers decide who succeeds or fails in the market. Businesses that best satisfy consumer demand will be the most successful. Consumer sovereignty is the means by which the free market maximizes human happiness.
Ludwig von Mises
Introduction Of The Sunshine In Monetary Policy Act
15 June 2007 2007 Ron Paul 66:2
The Federal Reserve Board ceased reporting M3 on March 22, 2006, thus depriving Congress and the American people of the most comprehensive measure of the money supply. The cessation of the Federal Reserve’s weekly M3 report will make it more difficult for policymakers, economists, investors, and the general public to learn the true rate of inflation. As Nobel laureate Milton Friedman famously said, “inflation is always and everywhere a monetary phenomenon.” Therefore, having access to a comprehensive measure of the money supply like M3 is a vital tool for those seeking to track inflation. Thorsten Polleit, honorary professor at HfB-Business School of Finance and Management, in his article “Why Money Supply Matters” posted on the Ludwig von Mises Institute’s Web site mises.org, examined the relationship between changes in the money supply and inflation and concluded that “money supply signals might actually be far more important for inflation — even in the short-term — than current central bank practice suggests,” thus demonstrating the importance of the M3 aggregate.
Ludwig von Mises
Remembering Dr. Hans Sennholz
27 June 2007 2007 Ron Paul 72:2
Dr. Sennholz was born on February 3, 1922 in Germany in the midst of the German hyperinflation crisis and experienced firsthand the Great Depression and the horrors of Hitler’s dictatorship. After receiving his master’s degree from the University of Marburg and a doctorate in political science from the University of Cologne, Dr. Sennholz received a Ph.D. in economics at New York University, where he studied under the Austrian economist Ludwig von Mises.
Ludwig von Mises
Remembering Dr. Hans Sennholz
27 June 2007 2007 Ron Paul 72:4
Dr. Sennholz later became President of the Foundation for Economic Education, reviving the institution and renewing its mission to advancing the ideals of private property, individual liberty, the rule of law, and the free market. He also served as an adjunct scholar at the Ludwig von Mises Institute, from which he received the Gary G. Schlarbaum Prize in 2004 for his lifelong dedication to the cause of liberty.
Ludwig von Mises
FAMILY EDUCATION FREEDOM ACT
April 2, 2009 2009 Ron Paul 43:2
The Family Education Freedom Act returns the fundamental principal of a truly free economy to America’s education system: what the great economist Ludwig von Mises called “consumer sovereignty”. Consumer sovereignty simply means consumers decide who succeeds or fails in the market. Businesses that best satisfy consumer demand will be the most successful. Consumer sovereignty is the means by which the free market maximizes human happiness.
Ludwig von Mises
TRIBUTE TO BURT BLUMERT
April 2, 2009 2009 Ron Paul 49:2
As the founder and manager of Camino Coins in Burlingame, CA, Burt was one of the nation’s leading dealers in gold and silver coins. A student of Ludwig von Mises and the Austrian school of economics, Burt understood the important role precious metals played in protecting ordinary citizens from the damage wrought by fiat money and inflation. Thus, he regarded his work as a coin dealer not just as a business, but as an opportunity to help people by providing with some protection from the Federal Reserve’s inflation tax.
Ludwig von Mises
TRIBUTE TO BURT BLUMERT
April 2, 2009 2009 Ron Paul 49:5
Burt also played a key role in the flourishing of the Ludwig von Mises Institute, which, as its name suggests, is the leading center for the promotion and development of Austrian economics and libertarian political theory in the nation. Burt served as a founding board member of the Institute and the chaired the Institute’s board after the original chair, Mrs. Margit von Mises, passed away in 1993. He also published The Rothbard-Rockwell Report, a well-read libertarian newsletter written by Murray Rothbard and Mises Institute President Lew Rockwell.
Ludwig von Mises
No such thing as a free (government) needle
27 April 1998 Texas Straight Talk 27 April 1998 verse 11 ... Cached
This is the socialist's dream. As government assumes the responsibility of paying the costs associated with irresponsible behavior, the more legitimately government can justify its involvement in dictating the behavior. As economist Ludwig von Mises argued, intervention begets more intervention. The only choice is individualism or collectivism because some collectivism always leads to more collectivism, and eventually pure collectivism.
Ludwig von Mises
Government Policy and False Prosperity
27 January 2003 Texas Straight Talk 27 January 2003 verse 2 ... Cached
“Government cannot make man richer, but it can make him poorer.” Austrian economist Ludwig Von Mises
Ludwig von Mises
Government Policy and False Prosperity
27 January 2003 Texas Straight Talk 27 January 2003 verse 4 ... Cached
My support for any tax cut is based on a longtime belief that our federal government is far too large, that it taxes and spends far too much. I always support tax cuts because I believe government should be returned to its proper constitutional limits. I do not support the idea of using tax policy for social engineering or supposed “stimulus,” where certain activities are encouraged and others discouraged. This is not proper in a free society, and it instills the terrible notion that government should run the economy. The great Austrian economist Ludwig von Mises understood that government could destroy wealth, but never create it. This is why government should not be in the business of manipulating stock prices- the benefits are always illusory, but the harms are very real.
Ludwig von Mises
The Disappearing Dollar
08 December 2003 Texas Straight Talk 08 December 2003 verse 4 ... Cached
For much of our history a gold standard imposed discipline on U.S. dollar policy, since every dollar printed theoretically was redeemable in gold. Since the last links between the dollar and gold were severed in 1971, the dollar essentially has operated as an article of faith. Christopher Mayer, writing for the Ludwig von Mises Institute, states: “Faith that paper money itself was of any lasting value would have struck our forebears as patently absurd.”
Ludwig von Mises
Greenspan's Black Magic
23 February 2004 Texas Straight Talk 23 February 2004 verse 3 ... Cached
In fact, Economist Frank Shostak of the Ludwig von Mises Institute throws cold water on Chairman Greenspan’s assertions in an article entitled "Running on Empty." Mr. Shostak cites statistics showing that American families have never been deeper in debt, never saved so little, and never consumed so much more than they produce. By any objective standard, U.S. families are treading on very shaky economic ground.
Ludwig von Mises
Inflation- Alive and Well
08 March 2004 Texas Straight Talk 08 March 2004 verse 4 ... Cached
Lew Rockwell, president of the Ludwig von Mises Institute, explains that Federal Reserve governors are incapable of telling us the truth about inflation for a very simple reason- they’re the ones causing it:
Ludwig von Mises
Police State USA
09 August 2004 Texas Straight Talk 09 August 2004 verse 7 ... Cached
Every new security measure represents another failure of the once-courageous American spirit. The more we change our lives, the more we obsess about terrorism, the more the terrorists have won. As commentator Lew Rockwell of the Ludwig von Mises Institute explains, terrorists in effect have been elevated by our response to 9-11: “They are running the country. They determine our civic life. They shape our private life. They decide how public resources are spent. They may dictate who gets to be the next president. It should be obvious that the government doesn’t object. Not at all. The government benefits, by getting ever more reason for ever more money and power.”
Ludwig von Mises
Private Help for Tsunami Victims
10 January 2005 Texas Straight Talk 10 January 2005 verse 7 ... Cached
Lew Rockwell of the Ludwig von Mises Institute explained the problem of government “generosity” for disaster relief in the context of the 2004 Florida hurricanes:
Ludwig von Mises
Tax Reform is a Shell Game
07 March 2005 Texas Straight Talk 07 March 2005 verse 6 ... Cached
Lew Rockwell of the Ludwig von Mises Institute offers a very simple test for any tax reform proposal: Does it reduce or eliminate an existing tax? If not, then it amounts to nothing more than a political shell game that pits taxpayers against each other in a lobbying scramble to make sure the other guy pays. True tax reform is as simple as cutting or eliminating taxes. No studies, panels, committees, or hearings are needed. When reform proposals seem complicated, they almost certainly don’t cut taxes.
Ludwig von Mises
CAFTA: More Bureaucracy, Less Free Trade
06 June 2005 Texas Straight Talk 06 June 2005 verse 5 ... Cached
We don’t need government agreements to have free trade. We merely need to lower or eliminate taxes on the American people, without regard to what other nations do. Remember, tariffs are simply taxes on consumers. Americans have always bought goods from abroad; the only question is how much our government taxes us for doing so. As economist Henry Hazlitt explained, tariffs simply protect politically-favored special interests at the expense of consumers, while lowering wages across the economy as a whole. Hazlitt, Ludwig von Mises, Friedrich Hayek, Murray Rothbard, and countless other economists have demolished every fallacy concerning tariffs, proving conclusively that unilateral elimination of tariffs benefits the American people. We don’t need CAFTA or any other international agreement to reap the economic benefits promised by CAFTA supporters, we only need to change our own harmful economic and tax policies. Let the rest of the world hurt their citizens with tariffs; if we simply reduce tariffs and taxes at home, we will attract capital and see our economy flourish.
Ludwig von Mises
Borrowing, Spending, Counterfeiting
22 August 2005 Texas Straight Talk 22 August 2005 verse 4 ... Cached
Economist Mark Thornton of the Ludwig von Mises Institute lays out a sobering case against the long-term health of the U.S. dollar. He identifies several facts and trends that bode ill for millions of Americans counting on dollar-denominated assets to fund their retirements.
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.