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.
6 December 2006 2006 Ron Paul 100:27
Friedmanís speed at signing made it much easier, Iím sure, to get the signatures of almost 300 other prominent and not-so-prominent economists, including Kenneth Boulding, Harold Demsetz, David Friedman, Alan Greenspan, Donald McCloskey, William Meckling, Allen H. Meltzer, James C. Miller III, William A. Niskanen, Mancur Olson, Sam Peltzman, Murray Rothbard, Jeremy J. Siegel, Vernon Smith, Beryl W. Sprinkel, Jerome Stein, and James L. Sweeney.
TRIBUTE TO BURT BLUMERT
April 2, 2009 2009 Ron Paul 49:4
As anyone who ever dealt with Burt could testify, that was all that was needed, because Burts word was truly his bond. I am unaware of anyone who dealt with Burt who questioned his integrity or his commitment to his customers. As well-known and respected as he was for his leadership in the coin business, Burt was best known as a promoter of libertarian ideas. Burt was a long time friend and patron of Murray Rothbard, one of Mises top American students and a pioneer in economics, political theory, history, and much else. Burt helped Murray establish the Center for Libertarian Studies, and served as its president from 1975 until his death.
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 Institutes 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.
Free Trade Means No Tariffs and No Subsidies
30 July 2001 Texas Straight Talk 30 July 2001 verse 4 ... Cached
I focus on the Constitution when voting on trade issues. This approach leads me to always oppose trade subsidies, as there is no enumerated power that gives Congress authority to send your money abroad to help big corporations sell their products. The current system allows the most powerful interests, with the largest political lobbies, to prevail in the Congressional pork subsidy game. So the biggest corporations tend to get bigger, while smaller competitors face a very uneven playing field. This is not free trade, but rather government-mangaged trade epitomized by international bodies like NAFTA and the WTO. As noted Austrian economist Murray Rothbard explained, we don't need government agreements to have free trade. In fact, true free trade means just the opposite- true free trade occurs only when government is not involved at all. We must remember that government-managed trade always means political favoritism. Merit, rather than politics, should determine which companies succeed in the export markets. Congress should abide by the Constitution and get out of the subsidy business altogether, so that real free trade can work and benefit all Americans.
Gold, Dollars, and Federal Reserve Mischief
10 June 2002 Texas Straight Talk 10 June 2002 verse 8 ... Cached
Brilliant Austrian school of economics scholar Murray Rothbard asked a seemingly complex question in the title of his essay: "What has Government Done to our Money?" The answer turns out to be pretty simple: Government consistently debases our money. How and why it debases our money has everything to do with politics, and nothing to do with the laws of economics.
The Myth of War Prosperity
10 March 2003 Texas Straight Talk 10 March 2003 verse 8 ... Cached
The greatest economic cost of war, however, comes from the expansion in the size and scope of government. Government always grows during wars and other crises. As economist Murray Rothbard noted, government uses crises to ďEngineer the great leaps forward,Ē in the size of the state. When the crisis ends, government never returns to its former size. As government expands, individual liberty necessarily shrinks. True prosperity cannot exist without individual liberty and its corollaries of limited government, property rights, and free markets. Ultimately, war leaves us with less freedom at home. The sad irony is that while our soldiers have fought for the freedom of Europe, Korea, Vietnam, Kuwait, and Iraq, the government uses war to steadily diminish freedom here at home. While we fight a war in Iraq, we must also fight to maintain and restore individual liberty in America.
Congress Grovels for the WTO
17 November 2003 Texas Straight Talk 17 November 2003 verse 8 ... Cached
As economist Murray Rothbard explained, true free trade does not require treaties or agreements between governments. On the contrary, true free trade occurs in the absence of government intervention in the free flow of goods across borders. Organizations like the WTO and NAFTA represent government-managed trade schemes, not free trade. Government-managed trade is inherently political, meaning politicians and bureaucrats determine who wins and loses in the marketplace. We should not allow globalist trade schemes to masquerade as free trade.
Gold Exposes the Dollar
06 December 2004 Texas Straight Talk 06 December 2004 verse 4 ... Cached
Economist Murray Rothbard
Does the WTO Serve Our Interests?
16 May 2005 Texas Straight Talk 16 May 2005 verse 9 ... Cached
Economist Murray Rothbard said it best: You donít need a treaty to have free trade. Governments and quasi-government bodies like the WTO can only politicize and interfere with the natural flow of goods and services across borders. When we cede even a fraction of our sovereignty to an organization like the WTO, we can hardly hope to become more prosperous or more free.
CAFTA: More Bureaucracy, Less Free Trade
06 June 2005 Texas Straight Talk 06 June 2005 verse 5 ... Cached
We donít 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 donít 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.
More of the Same at the Federal Reserve
28 November 2005 Texas Straight Talk 28 November 2005 verse 9 ... Cached
I encourage all Americans to learn more about the Federal Reserve system and what it means for our economic future. An excellent resource is economist Murray Rothbard's book "What Has Government Done to our Money," which provides a brief yet devastating critique of centralized banking and the reckless government spending it enables. We need to demystify the Federal Reserve to understand the enormous political and economic impact of a system that essentially allows government to print money at will to pay its bills.
The Perils of Economic Ignorance
27 March 2006 Texas Straight Talk 27 March 2006 verse 8 ... Cached
I strongly recommend that every American acquire some basic knowledge of economics, monetary policy, and the intersection of politics with the economy. No formal classroom is required; a desire to read and learn will suffice. There are countless important books to consider, but the following are an excellent starting point: The Law by Frederic Bastiat; Economics in One Lesson by Henry Hazlitt; What has Government Done to our Money? by Murray Rothbard; The Road to Serfdom by Friedrich Hayek; and Economics for Real People by Gene Callahan.
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. Pauls Congressional website and is not included in this Concordance.
Remember, not everything in the concordance is Ron Pauls words. Some things he quoted, and he added some newspaper and magazine articles to the Congressional Record. Check the original speech to see.