Ron Paul on the Economy-Monetary Policy

March 8th, 2008

Though the Maryland election has passed, and McCain has won the republican ticket, I am still a part of the Revolution for change in our country – “Ron Paul” style. Just yesterday I read a fairly recent article, A Word from Ron Paul on (March 4, 2008) and his message on how to fix our monetary system policy was reinvigorating for me, especially after not hearing much about him in the news for weeks. Sure enough, he was the first to respond with a short essay to Forbes on what he feels are the most important issues “facing the nation at this moment in time”. Some quotes I love to take from it are:

This is the first time in over 100 years that monetary policy is being discussed in earnest during a presidential campaign… For over 30 years, I have been urging all Americans to educate themselves about monetary policy in order to better understand how… the Fed and the Treasury Department wield tremendous power over our lives.

The key to tax reform lies in spending reform… Lower taxes and less government spending will put more money in your pocket. A sound monetary policy will increase the value of that money and drive down the costs of living.

I also like how he quoted the former GAO comptroller general David Walker, who has a great video to the American Public to wake up about the National Debt and an interview on 60 minutes about his “Wake Up America” tour on the Inconvenient Truth of U.S. Fiscal Irresponsibility & Immorality (aired March 4, 2007) on YouTube.

According to David Walker, former head of the U.S. Government Accountability Office, “We are mortgaging the future of our children and grandchildren at record rates, and that is not only an issue of fiscal irresponsibility, it’s an issue of immorality.”

Now if you think that “Mitt Romney” would be the best candidate to “fix the economy” due to his success in business, I have to remind you that his success to turn businesses around depended upon the success of the economy. Ron Paul has been studying economics for decades and has served since 1997 on the House Financial Services committee and the Joint Economic Committee. Paul has the experience and wisdom to fix the economy, he’s had it for over 30 years!

Here’s a popular YouTube clip of Ron Paul on the economy… which is merely “A House of Cards ” waiting to tumble as we’ve become a nation funding a war on “terrorism” in two countries and artificially stimulating our own weak economy by ‘charging a credit card’ to China and other nations to hold our debt.

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Clever how both aired on March 4th – coincidentally the only date that is also a command “march forth”. It’s also interesting to note, that perhaps now people might actually “believe” this message that we need to fix the economy… according to polls, consumer confidence in the economy sank to 33% in March, down from 92% last March.