End the Fed, by Rep. Ron Paul (R, TX): on Corporations


Ron Paul: Inflated currency benefits some industry's CEO salaries

The seekers of bailouts condemn their opponents as stubborn and selfish ideologues. Of course, when those wanting the taxpayers' bailouts were making profits, they were quite content to support the principle that the profits were theirs to keep as part o free-market philosophy.

It's not a question of being an ideologue. The ideologue label is used to make the morally principled ideology look confrontational and uncaring. This then makes it seem like the immoral philosophy, based on government force, is morally superior. It's always couched in terms of caring for the underdog & not as a bailout of those who have unfairly been benefiting from an economic system artificially stimulated by an inflated currency that benefited certain industries' CEO salarie and workers' wages and benefits.

Very simply, there can't be a more immoral system of money than one based on a banking monopoly that can counterfeit money in secret. The moral argument against the Fed should be enough to dispense with it posthaste.

Source: End the Fed, by Rep. Ron Paul, p.155-156 Sep 29, 2010

Ron Paul: Auto company nationalization is fascism

The failure of the economy and the loss of the moral foundation have now set the stage for nationalization. Do the auto executives come to Washington to demand freedom? Do they demand a sound currency that would rectify the international trade imbalances

No, they come to Washington to demand that innocent Americans bail them out & protect a system that deserves no protection. They beg to be taken over, nationalized, to obey a car czar and sacrifice every bit of self-respect that they might retain.

There's a lot of blame to go around for bringing us to this point: the Fed, the Congress, the courts. But the most abhorrent is the failure of the giants of industry to defend free markets. They are willing to be junior partners with government. Fascism is not on their mind.

I call it "nationalism without a whimper," and the corporate business community is begging for it. The nationalization of industry, while retaining private ownership in name only, is just another word for fascism.

Source: End the Fed, by Rep. Ron Paul, p.160-161 Sep 29, 2010

  • The above quotations are from End the Fed, by Rep. Ron Paul.
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Candidates and political leaders on Corporations:
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Page last updated: Dec 18, 2011