Very Enlightening Ron Paul Speech

Unintentional Socialism?

On pages 44 and 45 of The Road to Serfdom by F.A. Hayek, we read the following:

“Yet though hot socialism is probably a thing of the past, some of its conceptions have penetrated far too deeply into the whole structure of current thought to justify complacency. If few people in the Western world now want to remake society from the bottom up according to some ideological blueprint, a great many still believe in measures which, though not designed completely to remodel the economy, in their aggregate effect may well unintentionally produce this result…. That hodgepodge of ill-assembled and often inconsistent ideals which under the name of the Welfare State has largely replaced socialism as the goal of reformers needs very careful sorting out if its results are not to be very similar to those of full-fledged socialism….

Just because in the years ahead of us political ideology is not likely to aim at a clearly defined goal but toward piecemeal change, a full understanding of the process through which certain kinds of measures can destroy the bases of an economy based on the market and gradually smother the creative powers of a free civilization seems now of the greatest importance. Only if we understand why and how certain kinds of economic controls tend to paralyze the driving forces of a free society, and which kinds of measures are particularly dangerous in this respect, can we hope that social experimentation will not lead us into situations none us want.”

Using War to Manipulate Public Opinion

Economic historian Bruce Caldwell, in his introduction to The Road to Serfdom by F.A. Hayek, writes the following about what happens during times of war:

“…. it is during  such times when hard-won civil liberties are most likely to be all-too-easily given up. Even more troubling, politicians instinctively recognize the seductive power of war. Times of national emergency permit the invocation of a common cause and a common purpose. War enables leaders to ask for sacrifices. It presents an enemy against which all segments of society may unite. This is true of real war, but because of its ability to unify disparate groups, savvy politicians from all parties find it effective to invoke war metaphors in a host of contexts. The war on drugs, the war on poverty, and the war on terror are but three examples from recent times. What makes these examples even more worrisome than true wars is that none has a logical endpoint; each may be invoked forever.”

7 Reasons Why to End the Federal Reserve System

1. It is incapable of accomplishing its stated objectives.
2. It is a cartel operating against the public interest.
3. It is the supreme instrument of usury.
4. It generates our most unfair tax.
5. It encourages war.
6. It destabilizes the economy.
7. It is an instrument of totalitarianism.


This list is taken from page 588 of The Creature from Jekyll Island, A Second Look at the Federal Reserve by G. Edward Griffin.

Alexis de Tocqueville: Being Led vs. Being Free

In Democracy in America, Alexis de Tocqueville writes the following:

“Our contemporaries are constantly excited by two conflicting passions; they want to be led, and they wish to remain free. As they cannot destroy either the one or the other of these contrary propensities, they strive to satisfy them both at once. They devise a sole, tutelary, and all-powerful form of government, but elected by the people. They combine the principle of centralization and that of popular sovereignty; this gives them a respite: they console themselves for being in tutelage by the reflection that they have chosen their own guardians. Every man allows himself to put in leading-strings, because he sees that it is not a person or a class of person, but the people at large who hold the end of his change. By this system the people shake off their state of dependence just long enough to select their master and then relapse into it again.”

This quote is cited from page 555 of The Creature from Jekyll Island, A Second Look at the Federal Reserve by G. Edward Griffin.

Thomas Jefferson Asks: Liberty or Economy?

On pages 749-750 of The Basic Writings of Thomas Jefferson we read the following passage written by Jefferson in the year 1816:

“We must make our election between economy and liberty, or profusion and servitude. If we run into such debts as that we must be taxed in our meat and in our drink, in our necessities and our comforts, in our labors and our amusements,… our people … must come to labor sixteen hours in the twenty four, give our earning of fifteen of these to the government,… have no time to think, no means of calling our mis-managers to account; but be glad to obtain sustenance by hiring ourselves out to rivet their chains on the necks of our fellow-sufferers… And this is the tendency of all human governments … till the bulk of society is reduced to be mere automatons of misery…. And the forehorse of this frightful team is public debt. Taxation follows that, and in its train wretchedness and oppression.”

This quote is cited from pages 553 and 554 of The Creature from Jekyll Island, A Second Look at the Federal Reserve by G. Edward Griffin.

To Whom Do Central Bankers Answer?

Carroll Quigley gives us the answer on pages 326-327 of his book Tragedy and Hope: A History of the World in Our Time. He writes:

“It must not be felt that these heads of the world’s chief central banks were themselves substantive powers in world finance. They were not. Rather, they were the technicians and agents of the dominant investment bankers of their own countries, who had raised them up and were perfectly capable of throwing them down. The substantive financial powers of the world were in the hands of these investment bankers (also called ‘international’ or ‘merchant’ bankers) who remained largely behind the scenes in their own unincorporated private banks. These formed a system of international cooperation and national dominance which was more private, more powerful, and more secret than that of their agents in the central banks.”

This quote is cited from page 475 of The Creature from Jekyll Island, A Second Look at the Federal Reserve by G. Edward Griffin.