A Quote by Ron Paul
What we should all argue for is the use of freedom rather than having a monetary system with regulation domination that is run by a cartel and the special interests - that is the kind of system we have today.
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A private enterprise system needs some measuring rod, it needs something, it needs money to make its transactions. You can't run a big complicated system through barter, through converting one commodity into another. You need a monetary system to operate. And the instability in that monetary system is devastating to the performance of the economy.
From the inception of our nation our American ancestors intended for the United States to operate under a precious-metals monetary system or, more specifically, under a monetary system in which people used gold and silver coins rather than paper money as the media of exchange.
The point is not that Jesus was a good guy who accepted everybody, and thus we should do the same (though that would be good). Rather, his teachings and behaviour reflect an alternative social vision. Jesus was not talking about how to be good and how to behave within the framework of a domination system. He was a critic of the domination system itself.
When I launched the development of the GNU system, I explicitly said the purpose of developing this system is so we can use our computers and have freedom, thus if you use some other free system instead but you have freedom, then it's a success. It's not popularity for our code but it's success for our goal.
The dreams of "leaving it up to the market" or of returning to a politically neutral gold standard cannot succeed because the nature of the monetary system has a profound impact on the interests of powerful groups and states. Affected groups and states will always try to intervene in the operation of the system to make it serve their interests.
In the U.S. more than any other place, the banking system is insane. Millions of Americans lost their houses. Because of what? Because of the banking system. This American banking system is also coming to Europe. We can say today that the banks and high financiers run the world.
The reverse is a system in which you basically let people who were leaders in one way or another - people sometimes decried as party bosses, people who are part of special interests make the decision. And I think that's a worse system than the one we have.
Our system rewards specific talents more than anything. I got pushed forward for having certain capacities. Others had their horizons systematically lowered for having capacities that our academic system had no use for. I've seen countless people lose heart and feel like they should settle for less, that they don't deserve abundance.
Take Milton Friedman, he sits at his desk pontificating about such bunk as the monetary system being the answer to our problems. The monetary system is a legal contrivance. Property, not money, is real wealth. It's physical, not legal.
The fact is, as we leave the EU, Britain will be able to choose its own immigration system rather than having free movement with one part of the world and a managed system with elsewhere.
Justice is that system of adjusting conflicting interests which makes the group strong and progressive rather than weak and retrogressive whereas injustice is a system of adjusting conflicting interests which makes a nation weak and retrogressive rather than strong and progressive.
The fact that more than half of the young black men in any large American city are currently under the control of the criminal justice system (or saddled with criminal records) is not - as many argue - just a symptom of poverty or poor choices, but rather evidence of a new racial caste system at work.
We have a massive system to regulate creativity. A massive system of lawyers regulating creativity as copyright law has expanded in unrecognizable forms, going from a regulation of publishing to a regulation of copying.
To cover the fact that a central bank is merely a cartel which has been legalized, its proponents had to lay down a thick smoke screen of technical jargon focusing always on how it would supposedly benefit commerce, the public, and the nation... there was not the slightest glimmer that underneath it all, was a master plan which was designed from top to bottom to serve private interests at the expense of the public... the system is merely a cartel with a government facade.
The old system of having a baby was much better than the new system, the old system being characterized by the fact that the man didn't have to watch.
We have parts of our system which are overwhelmed by regulation. It wasn't the absence of regulation that was the problem. It was despite the presence of regulation you got huge risks built up.
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