by American Citizen

Created on: June 01, 2009

Hence it is that I cannot in any degree approve of those restless and busy meddlers who, called neither by birth nor by fortune to take part in the management of public affairs, are yet always projecting reforms......Rene Des Cartes Discourse on the Method of Rightly Conducting the Reason Ch. 1

US Rep. Ron Paul from Texas's 14th congressional district has some ideas about economics that strike many Americans as strange and unfeasible. This is sad. Ron Paul's position on economics is as foundational to America's well-being as the Constitution itself. He's been more visible lately, which is important. More important than visibility, he's doing what other candidates don't. He's telling the truth and educating the public about how we got into the present recession. He's telling the truth about the

Federal Reserve and the banking cabal of thieves. He's telling the truth about the importance of having an objective precious commodity backing our currency, as opposed to the creditworthiness of a wasteful government's I.O.U.

Here is an example of economics in simple, undistorted form. Suppose two people live together in a household. Each is earning $50,000 per annum, so the combined household income is $100,000. Let's say one of them has need of an additional $30,000. We don't know why. He takes the $30,000 from the other, so now his income is $80,000 and the other's has been reduced to $20,000. The household income is unchanged. One person has significantly increased his purchasing power, but the other person is poorer.

Expand the scenario to the United States of America at large. If the government wants more, they just take more taxes, penalties and fees from the people. The country's overall wealth is unchanged, but the government has greater purchasing power and the people are poorer.

This example is from Henry Hazlitt's "Economics in One Lesson". It makes economics accessible to us ordinary Americans. Ron Paul offers it on his website [1] as part of his educational outreach. You don't have to be a Republican, Libertarian or Republican Liberty Caucus member to benefit.

Why is Ron Paul so adamantly opposed to the Federal Reserve System? Why do the People need to have an audit of our gold? The current Federal Reserve is the third incarnation of a centralized bank in the USA. The first, the Bank of the United States, was started almost from the get-go. This was Alexander Hamilton's creation, and of course the US Treasury doesn't have a

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