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Ron Paul Answers Your Questions: Part One

[From the NYTimes, 11.15.08]

Do you love the smell of libertarianism in the morning? If so, today is a good day for you.

Last week we solicited your questions for Congressman Ron Paul.

There was such a big response (more than 400 comments) that we have split Paul’s answers into two batches, the first of which is posted below.

Thanks to Paul for his answers and all of you for your good questions.

…Q: Do you believe that it is possible to make positive incremental changes to our monetary policy, entitlements, taxes, etc. within the system, or is it just a matter of waiting for failure and then coming in with a solution?

A: Yes, I do believe we can make successful changes. And I want to start making those changes now so that we can avoid a devastating collapse. But we need to start quickly before it’s too late. If we can cut spending and balance budgets, beginning with our overseas expenditures, we can do a lot to fix this mess. We also need monetary reform. I would begin with the incremental step of repealing legal-tender laws and legalizing the use of gold and silver to act as a currency alongside the dollar. That would help stabilize the dollar and strengthen our monetary system.

Q: How has the recent economic turmoil affected your views regarding deregulation?

A: It has reinforced my belief that massive central planning does not work, whether it be in for the economy, education, or energy policy.

Q: How do you propose we restore people’s faith in free-market ideas?

A: Well, we need to start by making sure politicians who talk about free markets practice what they preach. One of the reasons why people may have lost faith in freedom is that leaders used limited-government rhetoric while expanding the size and scope of government. Free markets got a black eye even though the actual policy was intervention and central planning. So again, leaders who profess to support markets need to act like that once in power. If we do that, we’ll prove that freedom really does work.

Q: How much money was left over from your campaign donations and what will be the next step with those funds?

A: We had about $4 million left, which we are using to launch the Campaign for Liberty. You can learn more about that group here.


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