Ron Quotes
John Stossel: Your party created a prescription drug program, you voted against it. Don't elderly people need these drugs?
Ron Paul: Yeah, that's why I voted against it, because these government programs failed to work. A lot of elderly were, and still are furious over that program, because it's so complex and difficult.
John Stossel: But a lot of people like it, hey, I'm getting my drugs paid for, they're free.
Ron Paul: You know who else likes it? The drug companies. They spent quite a few millions of dollars, they did the highest lobbying, the profiteers were the ones who really pushed that program. But the assumption shouldn't be made that if you didn't have it, people wouldn't get their drugs. The market is designed to lower prices, not raise prices.
Ron Paul
Question: If you could pick one cause that has gotten us here, what'd you say it is?
Ron Paul: Easy money. The Federal Reserve artificially lowering interest rates, deceiving the people, the investors, the savers, into believing that there's a lot of savings out there, and that we should invest more, build more houses, more cars. It's the malinvestment, which is every bit as dangerous, from the inflation of the money supply, as is the high prices that usually come.
Ron Paul
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