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Ron Paul's Golden Rule (Forbes Mag Interview)

Submitted by bobbyw24 on Fri, 01/08/2010 - 09:20

Daily Paul Liberty Forum

by Alexandra Zendrian,
01.08.10 | Forbes

Congressman Ron Paul of Texas will be Steve Forbes' guest Monday on Intelligent Investing discussing his new book End The Fed and his attempt, with Congressman Alan Grayson, to secure the right of the Government Accountability Office to audit the Federal Reserve.

Forbes: Why do you think the Federal Reserve needs to be audited?

Dr. Ron Paul: For lots of reasons. I don't believe in secrecy. I don't think anyone should have so much power that they can create money out of thin air and spend it and interfere in the markets and do central economic planning without any oversight. Congress has a responsibility to know what they're doing because they created the Fed, they're very, very important, and people benefit from their actions. And I'd like to know who benefits and who suffers the consequence. I just think that it would be in the interest of the people to know exactly what the Fed is doing.

Why don't we know what's going on with the Fed?

Continue...

It's fair to say I have a

Submitted by LeifEiriksson on Fri, 01/08/2010 - 14:28. Permalink

It's fair to say I have a more favorable impression of Forbes after this past week ;)

Good for Mexico!

Submitted by pseudonym on Fri, 01/08/2010 - 10:41. Permalink

In Mexico right now you can literally have an account in silver. They're making more progress in Mexico. And I have visited with their members of Congress. Before it all got passed, they consulted with me. Because the Mexican people know how bad it is when the currency goes to zero. The middle class really, really hurts, and they've experienced it.

Ron Paul is so modest, he doesn't go on TV talking about how he's influenced Mexico...but I wish he would brag about this more.

Also, I didn't expect to hear home schooling brought up as an analogy to competing currencies!

And I think if you had competition, I think it would be sort of like home schooling. Home schooling doesn't hurt public schools. Sometimes it gives them a greater incentive because home schoolers do so much better. Of course, sometimes public school people resent the fact that people can learn as well at home as they can in public schools. So, we should never be afraid of competition.