Ron Paul: Price Fixing is Anti-Market and Anti-Freedom


Jeffrey Chiesa: New Jersey has a tough price-gouging law, and we have it so that we ensure that profiteers will not take unfair advantage of people at their most vulnerable times: those who have been displaced from their homes due to a major disaster, those who have limited resources, and those who desperately seek out fuel, shelter, and the basic necessities for them and their families.

News Anchor: After a distinguished career in Congress, spanning more than 30 years, Ron Paul has decided to hang up his legislative spurs and return to Texas. But, as you might have expected, the feisty Dr. Paul is not going quietly, and the Congressman joins us right now from the Russell Rotunda in Washington. Congressman, we’re delighted to have you with us, I want to talk about price-gouging and gas prices and things I know you have on your mind in the wake of Hurricane Sandy. Before I do, I would be remiss if I didn’t ask you about the scandal being called ‘Benghazi Gate’ by many. Do you think, first of all, that there really is a scandal there, or do you think that this will sort itself out?

Ron Paul: Well, it may sort itself out, but I think the real scandal is how we get ourselves involved in messes like this and how we get our people in danger spots. Here, we first helped some people who didn’t like their dictator, and we get permission from NATO to go in there and bomb their country and put somebody in charge. And then it looks like they might well have turned against our people and killed our ambassador. And I think we get ourselves into these messes that we shouldn’t.

News Anchor: Are you disappointed in General Petraeus?

Ron Paul: I’m more disappointed in our policies that allow us to get into these predicaments, and people die over it, that’s what bothers me the most.

News Anchor: President Obama is visiting New York on Friday, touring the damage from Hurricane Sandy. One of the things all the elected officials were very keen on, was the exploitation of the victims by the businesses or unscrupulous hustlers. You had an interesting take, though, on price-gouging when it comes to the gasoline prices, something that virtually everyone considers abhorrent. But you had a different take, what is your take on price-gouging?

Ron Paul: My first gripe is that it’s automatically granted as gouging. Well, under certain circumstances, prices go up, and prices go up for certain reasons. To prevent prices from going up, that’s called price fixing, and this has been around for about 2000 years, it was known in the Roman Empire. And one thing that happens if you don’t allow prices to go up and send out the information to increase the supply, is you get shortages, and when you get shortages, you get rationing. And look at what happened? It makes no sense at all, it’s so anti-market and anti-freedom, and it ruins things and delays the inevitable, and that’s why we’re still struggling to solve the problem of shortages. The market works, and the most important time to have a market, is in periods of crisis and when there are shortages, and then the market will adjust for it. But, people, out of emotion, say, “Oh, you can’t have it, he’s charging too much, he’s gouging people”. No, he’s trying to alleviate the problems, and if the prices go up, all of a sudden, supply is increased automatically.

News Anchor: Even if it’s $10/gallon or $20/gallon?

Ron Paul: Sure, the higher they go, the faster they come in, but it would only be for a day, because people would have the supplies go up. But once you freeze it below the market, the shortages expand and the problems are not solved. But, no, the market will dictate who’s going to pay $20/gallon. And if people are going to pay $20/gallon, somebody is going to come in and somebody is going to automatically have a truck full of cans of gasoline and they’re going to sell them, and all of a sudden prices would go down. But it would only take about 24 or 48 hours to have the supply increased, as long as you get the government out of the way and allow the trucks to move.

News Anchor: So, is that why you’re leaving: the inability of Congress to solve our problems?

Ron Paul: Oh, no, that isn’t it. I think they’ve had enough of me up here in Congress.

News Anchor: At least we’ll still have your son to kick around.

Ron Paul: Yea, there you go. But treat him nicely.

News Anchor: Is he going to run for President?

Ron Paul: Oh, I don’t know, I never had that discussion with him, but time will tell.

News Anchor: Alright, so nice to talk to, Congressman Ron Paul, always engaging, always so thoughtful, I appreciate it.

Ron Paul: Thank you very much.

News Anchor: We certainly wish him well in his retirement, that’s it for us tonight.

  • “We’ll still have your son to kick around”

    Such an asshole.

  • he has no authority to pardon anyone jackass. drug addicts are a parasite on society, its better off having them in prison then out on the streets.

  • Yes, I spread the message of pro war patriotism!

  • Get rid of the federal reserve before making statements like “the markets work”.

    People are going to get the wrong idea if FISCAL POLICY changes, but MONETARY POLICY does not….ie blame the free markets for not correcting themselves.

    Just for your Austrian’s out there, Interest is not healthy. A gold standard will not solve our problems if that standard is subject to interest.


  • Funny how you say that about a man that was going to give full pardons for people doing life in prison for non violent drug/pot offences.

  • bringing back segregation? That’s the most retarded statement I’ve read so far.If you work..have fun while your taxes are going up and utilities.Oh,have fun while Obamas slowly killing the 1st and second of the Constitution.

  • Surfisher

    Ron Paul, freed of the encumbrance of running for office, IS NOW DEVOTING HIS TIME to Educate the People (and especially the young generation that will be our Future in a few years) that the Rights of the Individual, the US Citizen, are NEVER to be transgressed upon by any Unconstitutional “Laws, Rules and Regulations” that may be enacted by ANYONE in Office!

    That Wars the White House starts without Congressional approval are not only Unconstitutional, but have bankrupted us! That our Money is funny paper printed by a Private, Never Audited, organization called the Federal Reserve Board, that is NOT part of the US Treasury Department (the only LAWFUL AGENCY ALLOWED BY THE US CONSTITUTION TO ISSUE VALID US Dollars)!

    And the list of our Citizens sufferings goes on!

    Ron Paul will now have a greater impact in saving America then ever before! Expect great things from this Greatest American in the months to follow — and in the next few years — expect that HIS Liberty Movement will Finally END the Tyranny that the Centralized Federal Government has tried to impose on We, the People!

    In this latest interview (11-30-2012), Ron Paul logically dissects the problems of our nation — and gives apodictic solutions to the Intentional Mess the Criminals that have taken Control of the US Government have plunged us into!

    Must watch 10 minutes video — spread it like Wildfire!

  • Ron Slade Sr.

    Of course, the market will correct for price gouging, but not before some opportunistic parasites take advantage of a lot of desperate people.
    America is no longer a place of or for honorable men. Heck, America is no longer composed of the same people.
    Take the Money and Run is the new anthem, and trust in our institutions is low to non-existant. You can’t build a great nation on this kind of foundation.

  • it’s because people like you we are in this mess. As long as we have zombie hordes that keep voting republican and democrat we are never going to get out of this mess. As a proud american i’m really sad about this but america=is failing

  • I seriously hate the stupidity in Congress. The idea of price gouging is that we the people are too STUPID to not buy something at really high prices.

  • yeah alot of sense, like bringing back segregation, fuck him and fuck you too!!! ron paul=FAIL!!!!!!

  • How can people NOT get Ron Paul in the oval office?He has more sense than all polititians put together.America should be ashamed.

  • ah i see what you did there. clever

  • The depth of our national plight is measured by the sheer number of issues on which Ron Paul is “wrong,” when of course he’s actually 100% right about them all. Price-fixing, FEMA, militarism, foregin policy, the central banking system… I mean, the man is right about EVERYTHING, and yet we’re told he’s a buffoon, and wrong about everything, like your crazy uncle Frank.

  • the free market ALWAYS works. the govt is ALWAYS a failure

  • Surfisher

    off topic:

    Ben Swann Exposes Barack Husein Obama on his NDAA lies!

    If you want to save our Freedoms — SPREAD THIS 3 minute video LIKE WILDFIRE!

    Our wannabe Lil’ Dictator (BHO) lies on all levels. And when he starts stuttering you know a Big Lie is about to follow (while stuttering his small brain is trying to formulate a reply that may not be noticed as untruth).

    #1 Lie — Barack Hussein said he would Veto the NDAA (if passed). What a nice TRAP he laid for all these dunces that thought they could display “Patriotism” on the Floor (since then they could say: We voted for it, but the Prez Vetoed it).

    Then does the COMPLETELY OPPOSITE and signs this pernicious Unconstitutional document into Law on New Year’s Eve, when no-one is watching!

    When a Judge finds it, at a much later date, Unconstitutional, he, Barack Hussein, again breaks his word and sics his lawyers to overturn it in an Appellate Court (by some crony Judge) in a few days after the decision!

    So, we still have this pernicious and unconstitutional Law — courtesy of Barack Hussein — that allows American Citizens to be illegally whisked away ON SUSPICION ONLY without DUE COURSE OF LAW. And if they, such US Citizens, are never heard of again, it is because Barack Hussein has usurped the Powers of the Courts, since they are to be denied legal representation!

    And the list of the TRANSGRESSIONS AGAINST ALL AMERICANS by this Little Man, that occupies our White House, KEEPS GROWING!

    Here is proof of Barack Hussein’s PERFIDY!

  • That is a very true statement.

  • Geraldo is a tired old liberal buffoon.

  • They’re two things wrong with that quote. 1.It was not written by Keynes (It’s source is from Henry Clay.) So we are not certain if those were keynes exact words. 2. It contradicts this statement from Keynes’s GT “But if our central controls succeed in establishing an aggregate volume of output corresponding to full employment as nearly as is practicable, the classical theory comes into its own again from this point on wards”

  • DR Paul!!! Welcome back!! Don’t be a stranger!! 🙂 Merry Christmas to you and
    your Wonderful family!!