Ron Paul Quotes

The national debt is totally unlike a family budget for about a gazillion reasons, not the least of which being that families cannot raise money by fiat or deflate the size of their debt unilaterally and that family members die instead of existing infinitely.

The government, in my judgment, cannot create money; the government can give its note, like an individual, and the prospect of its being paid determines its value.

The only way Congress can get one dollar to spend is to take that one dollar from Americans, borrow that one dollar from Americans, or inflate that one dollar from Americans. So, it's very much like the visual image of a swimming pool. A person notes there is a shallow end, so he takes the water out of the deep end and pours it in the shallow end, hoping to raise the height of the water in the pool - and you would call that person stupid.

Printing money is merely taxation in another form. Rather than robbing citizens of their money, government robs their money of its purchasing power.

If there were no debts in our money system, there wouldn't be any money.

Printing money is merely taxation in another form.

What the federal government does basically is borrow money from people and mail it to people.

The foundations of a strong economy don't rest alone on the decisions of Chancellors or the spending programmes of government.

Increased spending, growing government debt and overreaching regulations are stifling job creation and economic growth.

When the period arrives - come when it may - that this government will be compelled to resort to internal taxes for its support in time of peace, it will mark one of the most difficult and dangerous stages through which it is destined to pass.

Who controls the issuance of money controls the government!

The economy grows when families can spend money on personal priorities rather than priorities imposed by the federal government.

People confuse economists and economic policy.

We print money. The people that print the money is actually us. The government of the United States of America. By its very nature, we control that, and this system is there as representation of us.

Economics should be defined in terms of what it is about. It should be about how people produce things, how people exchange them, how people earn income, how they pay taxes, how the government provides infrastructure with tax revenue, and how it conducts monetary policy. The subject has to be defined in terms of the object of inquiry.

Only government can take perfectly good paper, cover it with perfectly good ink and make the combination worthless.

When the federal government spends more each year than it collects in tax revenues, it has three choices: It can raise taxes, print money, or borrow money. While these actions may benefit politicians, all three options are bad for average Americans.

Well, the problem of the federal government is that they print money and go in debt. That's their national policy, Democrats and Republicans it doesn't matter. And this is where I differ.

In a great financial emergency nearly every country has, at one time or another, been tempted to confuse the monetary with the fiscal functions of the Treasury. To borrow by the issue of money seems to have a seductive charm hard to resist.

The banks have discontinued themselves. We are now without any medium … necessity, as well as patriotism and confidence will make us all eager to receive Treasury notes if founded on specific taxes. Congress may now borrow of the public, and without interest, all the money they may want … by merely issuing their own promissory notes ….

government may secretly and unobserved, confiscate the wealth of the people, and not one man in a million will detect the theft.

Every Congressman, every Senator knows precisely what causes inflation...but can't, support the drastic reforms to stop it because it could cost him his job

I spent my whole life in the private sector, 25 years in the private sector. I understand that when government takes more money out of the hands of people, it makes it more difficult for them to buy things. If they can't buy things, the economy doesn't grow. If the economy doesn't grow, we don't put Americans to work.

I don't think most of Congress understands how economics works.

The road to economic well-being is to reward productive economic activity and to provide a moderate and predictable growth of money to finance real economic growth without reigniting the fires of inflation.