Ron Paul in State of Michigan Archives


On Budget & Economy: Currency inflation counterfeits prosperity & destroys poor

Q: Is there any downside to this amazing bonanza in the hedge fund & the private equity firms?

A: Yes. I think this is not a consequence of free markets. What’s happening is there’s transfer of wealth from the poor and the middle class to the wealthy. This comes about because of the monetary system that we have. When you inflate a currency or destroy a currency, the middle class gets wiped out, so the money gravitates to the banks and to Wall Street. See, that’s why you have more billionaires than ever before. Today this country is in the middle of a recession for a lot of people. Poor people know about it. The middle class knows about it. Wall Street doesn’t know about it. Washington, D.C., doesn’t know about it. We’re depending on the creation of money out of thin air, which is nothing more than debasement of the currency. It’s counterfeit. And it is a natural, predictable consequence that you’re going to have people benefit from it and other people suffer.

Source: 2007 Republican debate in Dearborn, Michigan Oct 9, 2007

On Jobs: Right to organize; but no special benefits for unions

Q: Are unions good for America?

A: The right to unionize should be a basic right of any group. You should be able to organize. You should have no privileges, no special benefits legislated to benefit the unions, but you should never deny any working group to organize and negotiate for the best set of standards of working conditions.

Source: 2007 Republican debate in Dearborn, Michigan Oct 9, 2007

On Principles & Values: Only support GOP nominee if they end war & reduce spending

Q: Do you promise to support the nominee of the Republican Party next year?

PAUL: Not right now I don’t, not unless they’re willing to end the war and bring our troops home, not unless they’re willing to look at excessive spending.

MCCAIN: You don’t want me then, pal.

PAUL: No, I’m not going to support them if they continue down the path which has taken our party down the tubes. I mean, we’ve lost credibility because of all our spending, because we have violated the civil liberties of all the American people, and we have adopted the Democrats’ foreign policy. Why don’t we run on George Bush’s foreign policy of a humble foreign policy and no nation building and don’t police the world? Then I’ll support them.

Source: 2007 Republican debate in Dearborn, Michigan Oct 9, 2007

On War & Peace: Mercantilist oil dependency was reason for war

Q: Would we have gone to war in Iraq if we weren’t so dependent on Middle East oil?

A: Probably not, but that should not be a reason. That’s an old theory. It’s mercantilistic. It’s neocolonialism that you have to maintain your supply routes and your natural resources. But I think there’s still a lot of those kind of people around. You know, we were told it was about oil and jobs when it first started in 1990, and this is just a continuation of that war.

Source: 2007 Republican debate in Dearborn, Michigan Oct 9, 2007

On War & Peace: Congressional authorization needed to attack Iran’s nukes

Q: If you were president, would you need to go to Congress to get authorization to take military action against Iran’s nuclear facilities?

ROMNEY: You sit down with your attorneys and tell you what you have to do.

HUNTER: It depends on one thing: the president does not need that if the target is fleeting.

PAUL: Absolutely. This idea of going & talking to attorneys totally baffles me. Why don’t we just open up the Constitution & read it? You’re not allowed to go to war without a declaration of war. Now, as far as fleeting enemies go, yes, if there’s an imminent attack on us, we’d never had that happen in 220 years. The thought that the Iranians could pose an imminent attack on the US is preposterous. There’s no way.

HUNTER: Not an imminent attack a fleeting target.

PAUL: This is just continual war propaganda, preparing this nation to go to war and spread this war, not only in Iraq but into Iran, unconstitutionally. It’s a road to disaster if we don’t read the Constitution once in a while.

Source: 2007 Republican debate in Dearborn, Michigan Oct 9, 2007

The above quotations are from State of Michigan Politicians: Archives.
Click here for other excerpts from State of Michigan Politicians: Archives.
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