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Texas Straight Talk
Ron Paul: Banks Should Stop Hiding from Free-Market Regulation
111 Responsesby Ron Paul Last week my subcommittee held a hearing on fractional reserve banking and the moral hazard created by government (taxpayer) insured deposits. Fractional reserve banking is the practice by which banks accept deposits but only keep a fraction of those deposits on hand at any time. In practice, nearly 100% of deposits are [...]
Ron Paul: Down with Deadly Drones, Both Foreign and Domestic
82 Responsesby Ron Paul Last week I joined several of my colleagues in sending a letter to President Obama requesting clarification of his criteria for the lethal use of drones overseas. Administration officials assure us that a “high degree of confidence” is required that the person targeted by a drone is a terrorist. However, press reports [...]
Ron Paul: Economics 101 Is Not Rocket Science!
151 Responsesby Ron Paul Last week the Congressional Budget Office (CBO) issued its annual long-term budget outlook report, and the 2012 numbers are not promising. In fact, the CBO estimates that federal debt will rise to 70% of GDP by the end of the year– the highest percentage since World War II. The report also paints [...]
Ron Paul: Obama’s Next Target: Syria
80 Responsesby Ron Paul War drums are beating again in Washington. This time Syria is in the crosshairs after a massacre there last week left more than 100 dead. As might be expected from an administration with an announced policy of “regime change” in Syria, the reaction was to blame only the Syrian government for the [...]
Ron Paul: The “Ex-PATRIOT” Act – America’s Berlin Wall for Tax Refugees
153 Responsesby Ron Paul The characteristic mark of a tyrannical regime is that it eventually finds it necessary to erect walls to keep people from leaving. This is why we should be troubled by the “Ex-PATRIOT Act,” an egregiously offensive bill recently introduced in the Senate. Following a long line of recent legislation and regulations attempting [...]
Ron Paul: NDAA Tyranny Continues
148 Responsesby Ron Paul The bad news from last week’s passage of the 2013 National Defense Authorization Act is that Americans can still be arrested on US soil and detained indefinitely without trial. Some of my colleagues would like us to believe that they fixed last year’s infamous Sections 1021 and 1022 of the NDAA, which [...]
Ron Paul: End the Fed and Restore Sound Money
362 Responsesby Ron Paul Last week I held a hearing to examine the various proposals that have been put forth both to mend and to end the Fed. The purpose was to spur a vigorous and long-lasting discussion about the Fed’s problems, hopefully leading to concrete actions to rein in the Fed. First, it is important [...]
