French businessman and economist Jean-Baptiste Say is credited with identifying the fundamental economic principle that aggregate demand for goods in an economy will equal the aggregate supply of goods when markets are permitted…
Tag: texas straight talk
Ron Paul – Beware the Coming Bailouts of Europe
The economic establishment in this country has come to the conclusion that it is not a matter of “if” the United States must intervene in the bailout of the euro, but simply…
Ron Paul – The Fed Twists, The Market Shouts
Last week the Federal Reserve began the second incarnation of “Operation Twist”, an attempt to drive down interest rates by purchasing long-term Treasury debt and selling short-term debt. This is just the…
When a Cut is Not a Cut
By: Dr. Ron Paul, U.S. Congressman One might think that the recent drama over the debt ceiling involves one side wanting to increase or maintain spending with the other side wanting to…
Competing Currencies – a Defense Against Profligate Government Spending
The end of June marked what is hopefully the end of the Federal Reserve’s policy of quantitative easing. For months the Fed has purchased hundreds of billions of dollars of Treasury debt,…
How Should Government Treat Energy Producers?
As the economy continues in its downward spiral and talks in Congress about reducing spending have only amounted to political theater, the subject of how the tax code treats energy has become…
Ron Paul – The FCIC: Passing the Buck
Last week the federal government’s Financial Crisis Inquiry Commission held hearings as part of their continuing investigation into the causes of the acute economic meltdown which occurred in late summer 2008. This…
Government and Gasoline
By: Dr. Ron Paul, U.S. Congressman As we head into the summer driving season and gasoline prices are again creeping up, the administration has announced plans to explore opening up more off-shore…
More Spending is Always the Answer
Last week, the House approved another increase in the national debt ceiling. This means the government can borrow $1.9 trillion more to stay afloat and avoid default. It has been little more…
Why the Fed Likes Independence
Last week it was revealed that when Treasury Secretary Tim Geithner was Chairman of the New York Federal Reserve, he urged AIG officials not to disclose to the Securities Exchange Commission relevant…