Paul Quotes - page 6
Ron Paul: ...you have to develop the transition, and eventually the next step would be to prohibit the Fed from monetizing debt. This is the real evil. The politicians spend for war, welfare, and they don't have to do it responsibly.
Question: When you say monetize the debt, you mean they would only be able to spend the cash that they had on hand. They couldn't write any cheques for which they don't have in their account any money?
Ron Paul: That's right. And that is the key to it. Because when the Fed comes along, and there's starvation for capital and liquidity, and politicians are spending too much, the Fed can create 20, 30, 50 billion dollars in a day, just like they did trying to bail out this housing bubble crash. So they create money out of thin air endlessly, eventually that has to stop because that drives the value of the dollar down.
Ron Paul
Aaron Russo: Do you think America is going deeper and deeper into becoming a police state?
Ron Paul: Yeah, I think we're moving in that direction, because there's not much we can do without permission. The absence of a police state is that people are free, and if you don't commit crimes you can do what you want. But today, you can't open up a business, you can't develop land, you can't go to the bank, you can't go to the doctor without the government knowing what you're doing. They talk about medical privacy, that's gone. Financial privacy, that's gone. The right to own property, that's essentially gone. So you have to get permission from the government for almost everything. And if that is the definition of a police state, that you can't do anything unless the government gives you permission, we're well on our way. This is something that people eventually, I hope, will get sick and tired of, and say enough is enough.
Ron Paul