Iraq or the Economy?

by Ron Paul

What is the importance of the war in Iraq relative to other current issues? This is a question I am often asked, especially as Americans continue to become increasingly aware that something is very wrong with the economy. The difficulty with the way the question is often asked relates to the perception that we are somehow able to divide such issues, or to isolate the cost of war into arbitrarily defined areas such as national security or international relations. War is an all-encompassing governmental activity. The impact of war on our ability to defend ourselves from future attack, and upon America’s standing in the world, is only a mere fraction of the total overall effect that war has on our nation and the policies of its government.

The cost of this particular war is enormous, and therefore it is of great importance. There is no single issue that is more important at this particular time. The war has, of course, made us less safe as a nation and damaged our credibility with allies and hostile nations alike. Moreover, years of growing deficits have been spurred on by the high price tag of war, and the decision to pay that price primarily by supplemental spending rather than traditional “on-budget” accounting.

War takes what would otherwise be productive economic capacity and transfers both that capacity, and the wealth it would generate in normal, peaceful, times into far less economically viable activities. It also impacts budget priorities in ways that are detrimental to our nation. I have often pointed to the fact that we are building bridges in Iraq while they are collapsing in the United States.

All war, but most particularly war funded by monetary inflation, bleeds a country in multiple ways. Obviously, many of the young people who are in the military literally give their blood, and sometimes their lives, fighting in wars of this type. Meanwhile, those who do not fight the war, but fund it, are forced to pay both the immediate costs, as well as seeing their long term purchasing power erode, as the twin pillars of debt and inflation are foisted upon the backs of current taxpayers and future generations. Neither conspiracy nor coincidence explains steep increases in the price of gas as the war drags on. No, this is simply a reality of the inflationary policies that, among other things, make this war possible.

As people are continually asked to choose whether our nation’s teetering economy or the failed foreign policy of the past several decades is most important as we look forward, it is well for those of us who understand that these two issues are closely linked, to continue to explain this fact to our fellow citizens. To fix the problem requires a proper diagnosis.

Ron Paul’s Message to Barack Obama

“Change” means nothing. It’s just a word, and it’s a cliché. If you just repeat it it has no meaning. You have to say, what are you going to change, and I would argue, you offer no change. You have the same foreign policy, you want more troops in Afghanistan, you’re not talking about only going to war with a declaration, you don’t want to deal with the monetary/financial crisis in this country, you want to keep the system together for the benefit of the banks and the big corporations and the politicians. What kind of change you have on social policy? Do you care about sick people using using Marijuana, have you come out for that? [...]

[Obama] doesn’t want change, he wants the status quo. [...] If you want change, what you need is someone who’s going to make sure you’re never going to have a draft, and we’re going to bring our troops home, we’re going to balance the budget, we’re going have sound money… [Obama] never talks about any of that.

Watch the full speech here.

Support the Ron Paul Revolution March

June 14 Moneybomb! Please help us turn the Revolution March into reality by donating $50 or more at

What is the Revolution March?

The Revolution March is a peaceful march for freedom, peace and prosperity. It is scheduled to take place on July 12 in Washington D.C., and it culminates in a Revolution Rally at the West Side of Capitol Hill with the following confirmed speakers:

  • Ron Paul - to speak about the future of the Revolution.
  • Chuck Baldwin – Constitution Party Presidential Candidate, Pastor, and radio talk show host to speak about hope for America and a new breed of politician.
  • G. Edward Griffin – founder of Freedom Force International and author of The Creature from Jekyll Island, shares his in depth research and analysis concerning the Federal Reserve System and the forces behind its inception.
  • Charles Goyette – syndicated talk radio host based in Phoenix, Arizona to discuss a return to the country’s constitutional traditions of sound money and limited government, the foundation upon which a viable economy can be rebuilt.
  • Marcy Brooks – Forewoman in the tax trial of Whitey Harell v. State of Illinois (featured in Aaron Russo’s America: From Freedom to Fascism will talk about the responsibility of being a juror in tax evasion cases.
  • Thomas E Woods Jr - author of “Who Killed the Constitution?: The Fate of American Liberty from World War I to George W. Bush” to discuss how the federal government has circumvented the Constitution and is systematically dismantling the rights and freedoms that are the foundation of a Constitutional Republic.
  • Naomi Wolfe – advocate of progressive politics and author of “The End of America: A letter of warning to a young patriot”. Ms. Wolfe will take a historical look at the rise of fascism, outlining the 10 steps necessary for a state to take control of individuals’ lives.
  • Jack McLamb – Military Veteran, retired police officer, and radio talk show host to discuss to potential for martial law to come to America.
  • Jeff Lewis - co-founder of Fire Coalition to discuss the economic impact illegal immigration has had on the country as well as the tie between the lack of enforcement of our immigration laws and the NAU, as well as discussing why we are fighting a war on terrorism when our borders are still not secured.
  • Michael Scheuer – 22 year veteran of the CIA and bestselling author of ‘Imperial Hubris’ to discuss American foreign policy and its implications on terrorism, security, and Iraq

Donate now at

Ron Paul Launches “Campaign for Liberty”

Ron Paul kicks off the next phase of the Revolution and makes the campaign to restore the Constitution permanent (that is, until its goals are achieved)!

Watch the video announcement above and read more about Ron Paul’s exciting plans at the new Campaign for Liberty website!

Let’s all work hard and get together July 12th in Washington D.C. and September 2nd in Minneapolis.

THANK YOU from Ron Paul

Ron Paul just posted the following message at his campaign website:


For 17 months we brought the message of peace, freedom, and prosperity to millions of Americans. The response overwhelmed me: more Americans believe in liberty and the Constitution than I ever imagined. I am deeply moved and honored by your hard work and sacrifice on behalf of our cause.

However, after much serious thought, I have decided to end my campaign for the Presidency of the United States. It is time now to take the energy this campaign has awakened and channel it into long-term efforts to take back our country. We have some exciting plans and projects to move the revolution forward that will come together in the next several months. Watch for them.

I will work until my last breath on behalf of this great message. That I promise you. We don’t have to live in the kind of America the two major parties have in store for us. Together, let us continue to lay the foundations for an America worthy of our Founding Fathers.

Ron Paul

To carry on the Ron Paul Revolution, Ron Paul has launched the Campaign for Liberty.

Ron Paul Ends Presidential Campaign

Ron Paul ended his Presidential campaign on June 12, 2008 through an announcement at his website, shortly after he gave a stirring address to a packed audience in Houston, Texas. He confirmed that he would hold a rally in Minneapolis next to the official GOP Convention and demonstrated his commitment to continuing and growing the movement, with the goal of electing advocates for liberty at all levels of government. Watch the speech below:

Plans for the Revolution March (July 12) and the Ron Paul Convention (September 2) remain intact and are not affected by this announcement.

The Ron Paul Revolution continues.

Big Government and the Status Quo

Incentives. They are everywhere, affecting everything we say and do, from shopping for groceries to what kind of car we drive to where we live and so many more. Incentives provoke thought and progress and keep us moving forward as individuals, small communities, and a country as a whole.

Sadly, the federal government today has no incentive to do anything but grow larger and larger. More taxpayer money means more cushy, bureaucratic jobs and less accountability for everyone involved. Every mistake matters a little less, at least relatively speaking, when there are so many mistakes to be found. Social Security is going broke? Don’t blame me, I’m busy trying to get “Big Oil” to stop hurting our environment (another mistake). And on and on it goes, one mistake masking another, the proverbial “buck” stopping nowhere, as long as the taxes just keep flowing in.

We must remember, in the words of Judge Andrew Napolitano, who the government works for. That would be us. We are the ones paying their inflated, monopolized salaries, and it is us who should stand up and demand accountability, at the very least. My plan is to start small, and then maybe get some actual results for our money down the line.

I wish the government would actually do something productive and at least let some intelligent debate clear the issues from all the spin and hype surrounding us. Any time a productive, or potentially productive use of the government’s (make that our) money comes up, it gets lost in the clutter of big government. We should be reviewing our laws and statutes every so often for two primary reasons:

Some laws get outdated. Politicians love to talk down to those who love and hold fast to the Constitution, claiming we are “in a new age.” Well, new ages do require new laws, although the Constitution is so well written that the principals held within are timeless. But while we are in so-called new times, why not review the nation’s laws every few years? Laws that deal with prohibition would fall by the wayside when an argument is made for personal freedom that is backed up by facts and common sense. Other outdated statutes, such as ones banning sex toys, or alcohol sales on Sundays, would also (most likely) be dropped as the country evolves.

People change, but our principles should not. We can’t rationalize away the Founding Fathers. I can no longer in good conscience sit here and see it happen, especially after reading the works of Ron Paul. He has really opened my eyes to the problems in our country and how to fix them. People are going online, eating fast food, driving fast cars, and many other things they didn’t do in the 1700s and 1800s. But the same fundamental building blocks are to be used as guidelines to our laws. Government does not need to be involved in energy reform, “SpyGate”, steroids in baseball, fast food, the Internet, health care, or even roads. Maybe that’s why they’re so opposed to change; they simply aren’t needed.

Every four years we get another presidential election, but more and more it is just one form of big(ger) government vs. the other. Everyone in favor of a smaller, more sensible federal government is effectively shut out of the entire process, for fear of unmasking the big politicians and exposing them for what they really stand for. Take Barack Obama. He is a pretty well educated man, speaks eloquently, and caters to his party’s main base of voters. But he has a critical flaw that also haunts John McCain. It can be one of two things.


  • Obama and McCain really do believe their big promises will make our country better off. The next time more government makes the population better off as a whole will be the first. So they are maybe just ignorant, or catering to their illogical, irrational voters to gain support.
  • Or perhaps Obama and McCain know these programs and policies, such as a “windfall profits tax” and staying in Iraq and other countries for as long as it takes (whatever that means) are just a sham meant to fatten the government and further rob the American public.

Both scenarios do nothing to benefit the people funding them, and should be averted. This election has nothing to do with black, white, old, Democrat, Republican, or anything else superficial. I could care less if a candidate came along who was crippled, obese, 95 years old and of Asian or Mexican descent, if that person held fast to the values of Ron Paul and others in favor of a smaller, more sensible government, I would be supporting them from Day 1.

Unfortunately, with all the spin and propaganda flying in from all directions, it’s hard for such a candidate to ever rise up. But whatever is worth doing is usually worth doing right, so, hard or not, it must be attempted and done if we are to again rise up among the world’s best countries.

Ron Paul Convention on September 2

As there are no indications that Ron Paul will be invited to speak at the GOP Convention in St.Paul/Minneapolis, the Presidential candidate now plans to hold his own convention in the Williams Arena at the University of Minnesota on Sept. 2. The venue could hold more than 14,000 people for the all-day event.

Ron Paul’s spokesman Jesse Benton said: “This isn’t a protest. This is a celebration of limited government and Republican principles.”

Ron Paul plans to formally announce the convention tomorrow in Houston, at an event coinciding with the Texas Republican Convention.

What Should Ron Paul Do? - Final Results

Our poll entitled “What Should Ron Paul Do?” is now closed. 3,108 voters have submitted their choice and the results are as follows:

  • 45.6% want Ron Paul to launch a new Presidential campaign as an independent or third party candidate.
  • 35.5% want Ron Paul to stay in the Republican race and continue his efforts to take back the GOP.
  • 10.7% want Ron Paul to drop out and endorse Barack Obama.
  • 3.1% want Ron Paul to drop out and endorse Bob Barr.
  • 2.3% want Ron Paul to drop out and endorse John McCain.
  • 0.9% want Ron Paul to drop out and endorse Chuck Baldwin.
  • 1.9% want Ron Paul to do something else (see comments).

Rising Energy Prices and the Falling Dollar

by Ron Paul

Oil prices are on the minds of many Americans as gas hits $4 a gallon, and continues to surge. How high can prices go? How can we solve these problems? What, or who, is to blame?

Part of the answer lies in understanding bubbles and monetary inflation, but especially the Federal Reserve System. The Federal Reserve is charged with controlling inflation through interest rate manipulation, however, many fail to realize that creating money, and therefore inflation, is really its only tool. When the Federal Reserve inflates the dollar as drastically as it has in the past few decades, the first users of the newly created money go in search of investments for their dollars. They must invest this money quickly and aggressively before it loses value. This causes certain sectors to expand beyond what would naturally occur in the free market. Eventually the sector overheats and the bubble bursts. Overinvestment in dotcoms eventually led to a collapse of the NASDAQ. Next we had the housing bubble, and now we are seeing the price of oil being bid up in the creation of another new bubble. Investors are now looking to commodities like oil, for stability and growth as they pull capital out of real estate. This increased demand for investment vehicles related to oil contributes to driving up the price of the actual product.

If the Fed continues with its bubble blowing policies of the past, the new commodities bubble will continue to grow, gas prices will continue to go up, as the value of your dollars go down. We will see an overinvestment in these commodities as solutions are desperately sought for a supply shortage, which is only part of the problem. Make no mistake, though, this is not the free market at work. Government manipulations have added levels of complication and unintended consequences to the marketplace.

This is not the time for members of Congress to take political potshots at each other, or to imagine that the free market is somehow to blame. This is the time to understand and fix problems. That begins with making sure the decision makers have a firm grasp on the causes of the problems and possible effects of their decisions. This is absolutely crucial if we want to get it right this time. That is why I am in the process of calling for hearings on Capitol Hill on how the falling value of the dollar affects energy prices.

Governments need to get out of the way and let the people get back to work so that we can get our economy back on stable footing. Our destructive regulatory environment, confiscatory tax policies, and managed, rather than free trade have chased many businesses overseas. The bottom line is average Americans are being seriously hurt by these flawed policies, and they are not getting good information about the true dynamics at work. The important thing now is to get the diagnosis absolutely correct so we can administer the appropriate treatment and move on to a healthier economic future. To do this it is absolutely necessary to address the subjects of central banking and fiat money.