Yes, the Fed does help to finance the welfare state. Yes, the Fed does come to the rescue when funds are needed to fight wars and for us to pay the cost of maintaining our empire. Yes, the Fed is able to stimulate the economy and help create what appear to be good times. But it's all built on an illusion. Wealth cannot come from the printing press. Empires crumble and a price is eventually paid for arrogance toward others. And booms inevitably turn into busts.Ron Paul, Challenge to America: A Current Assessment of Our Republic , February 7, 2001
Thursday, April 23, 2009
Quote - Ron Paul
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6 comments:
Yes, modern wealth is partially based on unionized labor. Yes, unionized labor forced morals upon people like Ron Paul. Yes, the very idea of capitalism will lead to greater and greater competition, which will lead to greater and greater monopolization and concentrations of power. But Ron Paul doesn't care. As long as power is not concentrated in the hands of "the government" he doesn't care. Power can be centralized in the economy, but he just doesn't fucking care. Empires crumble and a price is eventually paid for arrogance toward others. All houses of cards eventually end in revolution.
I'm not sure what this has to do with the quote. Could you at least keep your comments focused on the given topic?
I have not yet read anything yet of Ron Paul, or heard him say anything yet, that is against organized labour.
As well, "Yes, the very idea of capitalism will lead to greater and greater competition, which will lead to greater and greater monopolization and concentrations of power." is illogical. But again, I'm not going to talk about free market competition on a post that is talking about the Federal Reserve.
Ron Paul's entire philosophy is against unionized labor, and hence a threat to civilization if wages fall low enough.
Competition does not lead to more competitors. It leads to competitors losing, which in turn leads to less competitors and more and more concentrations of power.
The FED Chris. This post is about THE FED.
No, it is about capitalism, because the FED is the result of capitalism. You stop short of the primary cause, which is 100% anti-scientific.
The FED was created via government, therefore it is socialism as it is the government administering the production and administration of currency.
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