Ron Paul

Ten Years Later: What the ‘Iraq War Diaries’ Told Us

by Ron Paul | Oct 28, 2020 | Featured Articles, Foreign Policy

The purpose of journalism is to uncover truth—especially uncomfortable truth—and to publish it for the benefit of society. In a free society, we must be informed of the criminal acts carried out by governments in the name of the people. Throughout history, journalists have uncovered the many ways governments lie, cheat, and steal—and the great lengths they will go to keep the people from finding out. Great journalists like Seymour Hersh, who reported to us the tragedy of the Mai Lai Massacre and the horrors that took place at the Abu Ghraib prison in Iraq, are essential. Ten years ago last...

Julian Assange’s Persecuted Heroism

by Ron Paul | Sep 22, 2020 | Featured Articles

It is dangerous to reveal the truth about the illegal and immoral things our government does with our money and in our name, and the war on journalists who dare reveal such truths is very much a bipartisan affair. Just ask Wikileaks founder Julian Assange, who was relentlessly pursued first by the Obama Administration and now by the Trump Administration for the “crime” of reporting on the crimes perpetrated by the United States government. Assange is now literally fighting for his life, as he tries to avoid being extradited to the United States where he faces 175 years in prison for...

An American Withdrawal From Iraq Must Be More Than Words

by Ron Paul | Sep 1, 2020 | Featured Articles, Foreign Policy

Earlier this month, while meeting with the Iraqi Prime Minister, President Trump reaffirmed his intent to remove all U.S. troops from Iraq. “We were there and now we’re getting out. We’ll be leaving shortly,” the president told reporters at the time. Although President Obama should never have sent U.S. troops back into Iraq in 2016, it is definitely well past time to remove them as quickly as possible. Over the weekend, the administration announced it would be drawing down troops currently in Iraq from 5,200 to 3,500. That’s a good start. One big roadblock to finally leaving Iraq alone is...

The Threat of a Digitized Currency

by Ron Paul | Jul 28, 2020 | Economics, Featured Articles

If some Congress members get their way, the Federal Reserve may soon be able to track many of your purchases in real time and share that information with government agencies. This is just one of the problems with the proposed “digital dollar” or “fedcoin.” Fedcoin was initially included in the first coronavirus spending bill. While the proposal was dropped from the final version of the bill, there is still great interest in fedcoin on Capitol Hill. Some progressives have embraced fedcoin as a way to provide Americans with a “universal basic income.” Both the Senate Banking Committee and the...

How Fed Policy Could Cause More Riots

by Ron Paul | Jul 16, 2020 | Economics, Featured Articles

Federal Reserve Chair Jerome Powell and San Francisco Fed President Mary Daly both recently denied that the Federal Reserve’s policies create economic inequality. Unfortunately for Powell, Daly, and other Fed promoters, a cursory look at the Fed’s operations shows that the central bank is the leading cause of economic inequality. The Federal Reserve manipulates the money supply by buying and selling government securities. This means that when the Fed decides to pump money into the economy, it does so by putting it in the pockets of wealthy, and oftentimes politically-connected, investors who...

The Federal Reserve is Getting Desperate

by Ron Paul | Jun 22, 2020 | Economics, Featured Articles

In a sign that the Federal Reserve is growing increasingly desperate to jump-start the economy, the Fed’s Secondary Market Credit Facility has begun purchasing individual corporate bonds. The Secondary Market Credit Facility was created by Congress as part of a coronavirus stimulus bill to purchase as much as 750 billion dollars of corporate credit. Until last week, the Secondary Market Credit Facility had limited its purchases to exchange-traded funds, which are bundled groups of stocks or bonds. The bond purchasing initiative, like all Fed initiatives, will fail to produce long-term...

Will Coronavirus End the Fed?

by Ron Paul | Apr 1, 2020 | Economics, Featured Articles, Justice, Libertarianism

September 17, 2019 was a significant day in American economic history. On that day, the New York Federal Reserve began emergency cash infusions into the repurchasing (repo) market. This is the market banks use to make short-term loans to each other. The New York Fed acted after interest rates in the repo market rose to almost 10 percent, well above the Fed’s target rate. The New York Fed claimed its intervention was a temporary measure, but it has not stopped pumping money into the repo market since September. Also, the Federal Reserve has been expanding its balance sheet since September....

Like Freedom? Then You Won’t Like the FREEDOM Act

by Ron Paul | Mar 24, 2020 | Featured Articles, Justice

Last Monday, a bipartisan group of Senators and a coalition including libertarian and progressive activists thwarted a scheme to ram through the Senate legislation renewing three provisions of the USA FREEDOM Act (previously known as the USA PATRIOT Act). The bill had already been rushed through the House of Representatives, and most expected it to sail through the Senate. But, instead, Senate leadership had to settle for a 77-day extension. Senate leadership was also forced to allow consideration of several amendments at a later date. Included is Sen. Rand Paul’s amendment that would forbid...