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Ron Paul

Dr. Ron Paul is a former member of Congress and Distinguished Counselor to the Mises Institute.

Articles by Ron Paul

Make Money Free Again

9 days ago

Two days after Donald Trump became the first American since Grover Cleveland to win nonconsecutive presidential elections, the Federal Reserve announced a quarter percent cut in interest rates. Following this announcement, Fed Chairman Jerome Powell held a press conference where he said that he would not comply with any presidential request that he step down before his term ends in May of 2026.Powell claimed that the president lacks the legal authority to fire the Fed chairman. So, if President Trump tells Chairman Powell “you’re fired,” Powell could bring suit asking a court to review Trump’s action.President Trump and Chairman Powell are at odds over President Trump’s desire to require the Federal Reserve to consult with the president before

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Government Gaslights People about the Economy

23 days ago

Public opinion polls consistently show the economy is one of the top issues, if not the top issue, for American voters. This may strike some as odd, since official government statistics show low unemployment and declining price inflation, suggesting the Federal Reserve has engineered a “soft landing” bringing down inflation without causing a recession. So why the concern over the economy? One reason is more people are realizing government economic figures hide the truth about the economy.“Recession Since 2022: US Economic Income and Output Have Fallen Overall for Four Years” is a Brownstone Institute research paper by Dr. E.J. Antoni, a research fellow at the Heritage Foundation, and Dr. Peter St. Onge, a fellow with the Mises Institute. It details how the federal

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Why Should We Fight Wars for Ukraine and Israel?

29 days ago

When you take on the role of the world’s policeman, don’t be surprised when countries who cannot fight their own wars call “911.” That is exactly what is happening to the United States on two fronts and it is bankrupting our country, depleting the military that should serve our own national interest, and threatening to drag the US into World War III.Last week, Ukraine’s “president” Vladimir Zelensky publicly presented his “Victory Plan.” It was delusional: immediate NATO Membership for Ukraine, NATO strikes against incoming Russian missiles, and permission to use Western long-range missiles for strikes deep into Russia including Moscow and St. Petersburg.The real intent was not hard to understand. Ukraine is on the verge of losing its war with Russia and is

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Hurricane Response Proves Volunteerism is Better Than Authoritarianism

October 16, 2024

Following Hurricane Helene, many private helicopter pilots launched their own search and rescue missions. One would think government officials would welcome the help of these volunteers, but instead they harassed them and even threatened to arrest them!For example, one private helicopter pilot rescued an individual stranded by Helene. Unfortunately, he was threatened with arrest if he flew his helicopter back into the impacted area to save someone left behind on the earlier flight.In a video shared by comedian and political commentator Jimmy Dore, Jonathan Howard, a member of the Florida State Guard and volunteer for the nonprofit group Aerial Recovery, discussed how the government took credit for the rescue of an 11-day-old baby even though the rescue was done

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American Neocons Get Their Iran War as Congress Sleeps

October 10, 2024

Over the weekend, the Commander of the US Central Command (CENTCOM), General Michael Kurilla, arrived in Israel to “coordinate” with the Israeli military and plan a military strike against Iran. Think about that for a moment: one of the highest-ranking officers in the US military is planning a war in a foreign country against another foreign country which will be fueled by American weapons, American intelligence, and American tax dollars.Did that foreign country – Iran – attack the United States or threaten Americans? No, it did not. What did Iran do to warrant a CENTCOM commander bringing the weight of the US military into play to plan a war – possibly WWIII? It retaliated against Israeli airstrikes including the assignation of a Hamas leader, Ismail Haniyeh, in

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Fed’s Rate Cut Helps Candidate Harris but Will Hurt President Harris (or Trump)

October 1, 2024

Many investors, businesses, and consumers cheered the Federal Reserve’s first interest rate cut since March of 2020. The Fed’s 50 basis points interest rate reduction was larger than many Fed watchers anticipated and was followed by suggestions that there are more rate cuts on the way.A drop in borrowing costs following the Fed’s rate reduction can help make people more optimistic about the general economy and their own financial situation. The uptick in consumer sentiment could help Democratic presidential nominee Vice President Kamala Harris who has lagged behind Republican nominee former President Donald Trump on the matter of which candidate is seen as better on economic issues.Even before the Fed’s rate cut, President Trump and pro-Trump commentators were

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Washington’s Ukraine Obsession is Going to Get Us All Killed!

September 24, 2024

Last week the world narrowly escaped likely nuclear destruction, as the Biden Administration considered Ukraine’s request to allow US missiles to strike deeply into Russian territory. Russian president Vladimir Putin warned, as the request was being considered, that because these missiles could not be launched without the active participation of the US military and NATO, Russia would consider itself in a state of war with both NATO and the US should they be launched. It was a Cuban Missile Crisis on a massive scale.Thankfully, permission was reportedly not granted by Washington to hit deep inside Russia, but as we have seen throughout this war, a weapons system is often first denied and then eventually granted to Washington’s proxies in Kiev. We should not rest

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Trump and Harris Ignore a Great Danger Facing America

September 5, 2024

The Penn Wharton Budget Model, a think tank headquartered at the University of Pennsylvania, recently released a study claiming former President Donald Trump’s economic plans would add about four trillion dollars to the national deficit over ten years while Vice President Kamala Harris’s economic plans would add about two trillion dollars.Vice President Harris would increase the deficit largely through expanding refundable tax credits such as the child tax credit. Low-income Americans can qualify for refundable tax credits even if they have less federal tax liability. So this proposal includes a welfare program disguised as a tax credit. Vice President Harris also proposes spending 40 billion dollars on an “innovation fund” to increase the supply of “affordable”

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America reaches a sad milestone

August 7, 2024

Last week the national debt reached 35 trillion dollars, a mere seven months after the debt reached 34 trillion dollars. To put this in perspective, the national debt first reached one trillion dollars in October of 1981, almost 200 years after the Constitution’s ratification!The fact that the government was adding one trillion dollars in debt in little over half a year was not deemed worthy of comment by President Biden, Vice President Harris, and most other US politicians. This is not surprising since the national debt has not been a central issue in DC since the days of the Tea Party movement. The Tea Party’s efforts to focus attention on the debt resulted in a bipartisan deal that made minuscule spending cuts. In fact, most of the cuts were not real cuts. They

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The Republican platform ignores the real causes of inflation

July 23, 2024

The 2024 Republican platform promises that, if Donald Trump returns to the White House and Republicans gain complete control of Congress, they will reduce inflation. The platform contains some proposals, such as reducing regulations and extending the 2017 tax reductions, that may help lower prices in some sectors and spur economic growth. However, the GOP platform does not address how the Federal Reserve’s enabling of spendaholic politicians contributes to price inflation.Other than an obligatory promise to cut “wasteful” spending, and a pledge to eliminate the Department of Education, the Republican platform is largely silent on proposals to reduce federal spending.The GOP’s apparent desire to increase military spending is a disappointment to those of us who

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Why We’ll Never Know What Really Happened in Butler, PA

July 16, 2024

Just days after the attempted assassination of former President Donald Trump, theories are flying from all directions. Many who ridiculed the “conspiracy theories” of conservatives are now suggesting the whole event was a set-up to boost Trump in the polls ahead of the election. Others suggest it was the “deep state” or even foreign actors who organized it.Former US Navy Seal and founder of Blackwater, Erik Prince, claims that “The fact that [the Secret Service] allowed a rifle armed shooter within 150 yds to a preplanned event is either malice or massive incompetence.” He went on to observe that, “unaccountable bloated bureaucracies continue to fail us as Americans,” adding that “unserious and unworthy people in positions of authority got us to this near

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The Debate Should Be a Wake-Up Call For Americans

July 4, 2024

There were plenty of surprises in last week’s presidential debate. For one, Americans who rely on the mainstream media for their news learned that they had been lied to for the past three years about President Biden’s capability to do the job he was elected to do.The realization that the media has been lying for years about Biden is a positive development, as, hopefully, thoughtful Americans might begin wondering what else the media has been lying about. For example, they will find out that the media has been lying to them for years about Russia and Ukraine and about the Middle East and elsewhere. They will find out that our hyper-interventionist foreign policy does not make us safer and more free, but the opposite.Unfortunately for most Americans, foreign policy

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We Spent a Billion Dollars Fighting the Houthis…and Lost

June 18, 2024

Why does it seem the Pentagon is far better at spending money than actually putting together a successful operation? The failed “Operation Prosperity Guardian” and the disastrous floating Gaza pier are but two recent examples of enormously expensive initiatives that, though they no-doubt enriched military contractors, were incapable of meeting their stated goals.Prophets of War: Lockh…Hartung, WilliamBest Price: $10.13Buy New $14.99(as of 02:45 UTC – Details)To great fanfare, last December the Pentagon announced the launch of Operation Prosperity Guardian, a joint US/UK military operation to halt the Yemeni Houthi disruption of Israel-linked commercial shipping through the Red Sea. The Houthis announced their policy in response to civilian deaths in Israel’s war

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Anti-Liberty Conservatives Want More Theft

June 11, 2024

American Compass, a think tank promoting a conservatism lacking even a rhetorical commitment to free markets, recently called for Republicans to support tax increases. The organization claims a GOP embrace of higher taxes will enable the uniparty’s left (Democratic) and right (Republican) wings to create a deficit reduction plan balancing tax increase with spending cuts.American Compass is correct that both parties need to prioritize deficit reduction. The 35 trillion dollars (and rising) national debt is a big threat to prosperity and liberty in America. However, history shows that any “bipartisan” agreement to raise taxes and cut spending results in higher taxes and higher spending. The classic example is the deal President Reagan made with congressional

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Biden’s Tariffs Are Another Nail in the Dollar’s Coffin

May 28, 2024

President Biden recently raised taxes on American consumers and businesses and may have hastened the end of the dollar’s world reserve currency status. President Biden did this by increasing tariffs on Chinese imports.Specifically, President Biden raised tariffs on products including Chinese-produced steel and aluminum and many components imported from China for use in manufacturing electric vehicle batteries. Tariffs on Chinese-made semiconductors are rising from 25 to 50 percent while tariffs on Chinese-made electronic vehicles are rising from 25 percent to an astounding 100 percent.Of course, the costs of these tariffs will be borne by Americans wishing to purchase electric cars and American electric car manufacturers that use material imported from China.

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The Great Ukraine Robbery Is Not Over Yet

May 7, 2024

The ink was barely dry on President Biden’s signature transferring another $61 billion to the black hole called Ukraine, when the mainstream media broke the news that this was not the parting shot in a failed US policy. The elites have no intention of shutting down this gravy train, which transports wealth from the middle and working class to the wealthy and connected class.

Reuters wrote right after the aid bill was passed that, “Ukraine’s $61 billion lifeline is not enough.” Senate Minority Leader Mitch McConnell went on the Sunday shows after the bill was passed to say that $61 billion is “not a whole lot of money for us…” Well, that’s easy for him to say – after all it’s always easier to spend someone else’s money!

Ukraine’s foreign minister,

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TikTok Hypocrisy

May 2, 2024

President Biden’s campaign will continue using the popular social media site TikTok even though the president supported a provision in the military aid bill he recently signed forcing TikTok’s parent company ByteDance to sell TikTok within 270 days. If ByteDance does not sell TikTok within the required time, TikTok will be banned in the USA. Biden’s continued use of TikTok to reach the approximately 150 million American TikTok users, is not the only example of hypocrisy from politicians who support the TikTok ban.The TikTok ban was driven by claims that, because ByteDance is a Chinese company, TikTok is controlled by the Chinese government and, thus. is helping the Chinese government collect data on American citizens. However, the only tie ByteDance has to the

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FISA Exchanges Real Liberty for Phantom Security

April 16, 2024

House Speaker Mike Johnson betrayed liberty and the Constitution by making a full-court press to get a “clean” reauthorization of Section 702 of the Foreign Intelligence Surveillance (FISA) Act through the House.Section 702 authorizes warrantless surveillance of foreign citizens. When the FISA Act was passed, surveillance state boosters promised that 702 warrantless surveillances would never be used against American citizens. However, intelligence agencies have used a loophole in 702, allowing them to subject to warrantless surveillance any American who communicated with a non-US citizen who was a 702 target. Intelligence agencies could then also conduct warrantless surveillance on any Americans who communicated with the new American target. This Section 702

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McConnell Cannot Stop the Non-Interventionist Tide

April 10, 2024

Even Republican stalwarts like current Senate Minority Leader Mitch McConnell are starting to notice that something is shifting in the party. While McConnell announced recently that he would step down as Republican leader in the US Senate, in an interview last week he was adamant that he would continue to serve out his term in the Senate with one purpose in mind: “fighting back against the isolationist movement in my own party.”He sounds worried.What McConnell deems to be “isolationism” had for much of our history been called America’s traditional foreign policy. There have been major exceptions, but until the emergence of the neoconservatives starting in the late 1970s we largely adhered to the words of John Quincy Adams that America, “goes not abroad, in search

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Congressional Omnibus is Like a Bad Hollywood Movie Sequel

March 26, 2024

This weekend’s late-night spending vote in Congress seems like another in an endless series of sequels to a bad suspense movie. Just at the brink of “disaster,” just before the stroke of midnight, Congress pulls off a miracle and passes an omnibus bill to save us from a “government shutdown!”The heroes have saved the day!Unfortunately, this latest sequel is as bad as the previous ones, as the American people are left with a massive $1.2 trillion dollar spending package to add to our already $34 trillion in debt. Military spending will, of course, be increased yet again, as the military-industrial complex demands more of our wealth to feed its ever-increasing appetite. And if this military spending increase is not enough, Congressional leadership is promising

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Blame the Fed for “Shrinkflation”

March 19, 2024

President Biden may have recently made history as the first president to discuss snack chips in the State of the Union message. He used snack chips to illustrate the phenomenon of shrinkflation. Shrinkflation occurs when businesses reduce the amount of goods sold in order to avoid raising prices. President Biden pointed out that businesses hope that, since both the price and the size of the package remain the same, most consumers will not notice they are getting fewer chips, cookies, or whatever other product has been affected by shrinkflation.President Biden called on Congress to pass legislation, sponsored by so-called moderate Senator Bob Casey of Pennsylvania, to crack down on companies that reduce the amount of a good in a package. Biden and his congressional

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Biden’s “Nighttime in America” State of the Union

March 12, 2024

Last week President Biden delivered a dark and angry speech meant to convince the low percentage of Americans who still feel positive about his presidency that everything is fine and will only get better if he is re-elected for a second term.Unfortunately we have come a long way from the optimism of a Ronald Reagan, who won a second term partially on the popularity of his “Morning in America” campaign commercials. Reagan was far from a perfect president, but it was that sense of optimism in otherwise difficult times that resulted in a record re-election victory. Biden’s speech, by contrast, was dark and angry, attacking not only his political opponents but even seeming to threaten the Supreme Court!As constitutional law professor Jonathan Turley observed recently,

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We Need a Peace President

June 20, 2023

Most people agree that we are closer to nuclear war than at any time since the 1962 Cuban Missile Crisis. Some would even argue that we are closer now than we were in those fateful days, when Soviet missiles in Cuba almost triggered a nuclear war between the US and the USSR.
In those days we were told that we were in a life-or-death struggle with Communism and thus could not cede a square foot of territory or the dominoes would fall one-by-one until the “Reds” ruled over us.
That crisis was very real to me, as I was drafted into the military in the middle of the US/USSR standoff over Cuba and we could all feel how close we were to annihilation.
Fortunately, we had a president in the White House at the time who understood the dangers of nuclear brinkmanship. Even

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NATO’s Great New Idea: “Let’s Start a War with China!”

May 10, 2023

ATO’s post–Cold War history is that of an organization far past its “sell-by” date. Desperate for a mission after the end of the Warsaw Pact, NATO in the late 1990s decided that it would become the muscle behind the militarization of “human rights” under the Clinton Administration.
Gone was the “threat of global communism” which was used to justify NATO’s 40-year run, so NATO re-imagined itself as a band of armed Atlanticist superheroes. Wherever there was an “injustice” (as defined by Washington’s neocons), NATO was ready with guns and bombs.
The US military-industrial complex could not have been happier. All the Beltway think tanks they lavishly fund finally hit on a sure winner to keep the money pipeline flowing. It was always about money, not security.
The

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Peace is Breaking Out in the Middle East…and Washington is Not Happy!

April 13, 2023

While we were being distracted by the ongoing Russia/Ukraine war – and Washington’s increasing involvement in the war – tremendous developments in the Middle East have all but ended decades of US meddling in the region. Peace is breaking out in the Middle East and Washington is not at all happy about it!
Take, for example, the recent mending of relations between Saudi Arabia and formerly bitter adversaries Iran and Syria. A China-brokered deal between the Saudis and Iran has them re-establishing full diplomatic relations, with the foreign ministers of both countries meeting in Beijing last week. It is the highest level meeting between the two countries in seven years.
Additionally, Riyadh is expected to invite Syria back into the Arab League and Syrian president

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Are Bank Failures a Sign of More Trouble Ahead?

March 21, 2023

The failure of Silicon Valley Bank (SVB) on March 10 was the second largest bank failure in US history. Just two days following SVB’s collapse, Signature Bank joined the record books as the third largest bank failure in US history. First Republic Bank also seemed on the edge of collapse until Bank of America, Citigroup, and other big banks agreed to jointly fund a bailout for it.
Major Swiss bank Credit Suisse was also teetering on the brink when it received a 54 billion dollars line of credit from the Swiss UBS Group last week. Now, UBS is in the process of buying Credit Suisse. Politicians, regulators, and financial “experts” all rushed to assure us these problems were all caused by factors unique to the individual banks and were not a sign of a systemic

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How Much Did the US Government Pressure Twitter to Ban Alex Berenson?

July 14, 2022

Nearly a year ago, former New York Times Journalist Alex Berenson was permanently banned from Twitter for writing the following lines about the Covid shot: “It doesn’t stop infection. Or transmission. Don’t think of it as a vaccine. Think of it—at best—as a therapeutic with a limited window of efficacy and terrible side effect profile that must be dosed IN ADVANCE OF ILLNESS. And we want to mandate it? Insanity.”
From the beginning of the Covid hysteria, we followed and cited Berenson many times on the Ron Paul Liberty Report. Berenson took government and mainstream media rhetoric about the pandemic the way journalists used to take it: with a heavy dose of skepticism. And not long after he was banned for saying so, even the CDC Director admitted what he wrote is

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Foreign Policy Fail: Biden’s Sanctions are a Windfall For Russia!

July 8, 2022

It’s easy to see why, according to a new Harris poll, 71 percent of Americans said they do not want Joe Biden to run for re-election. As Americans face record gas prices and the highest inflation in 40 years, President Biden admits he could not care less. His Administration is committed to fight a proxy war with Russia through Ukraine and Americans just need to suck it up.
Last week a New York Times reporter asked Biden how long he expects Americans to pay record gasoline prices over his Administration’s Ukraine policy. “As long as it takes,” replied the president without hesitation.
“Russia cannot defeat Ukraine,” added Biden as justification for his Administration’s pro-pain policy toward Americans. The president has repeatedly tried to deflect blame for the

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Respect the Fed? No, End the Fed

June 10, 2022

President Joe Biden has unveiled a three-part plan to fight inflation — or at least make people think he is fighting inflation. One part of the plan involves having government agencies “fix” the supply chain problems that have led to shortages of numerous products. Of course, any attempt by the government to solve the supply chain problems (which were caused by prior government interventions such as shutting down the economy for over a year) will not just fail to solve the supply shortages but will create new problems.
Deficit reduction is another part of Biden’s anti-inflation plan. However, Biden is not proposing cutting welfare or warfare spending. Instead, his deficit reduction plan consists of “tax reforms to increase revenue,” which is DC-speak for tax

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Taking Back Our Liberty in 2022

January 7, 2022

For those of us who value liberty, these past two years have been a bad dream. It seems like we fell asleep in early 2020 and woke up in 1984! They said that if we just put on a mask and stayed home for two weeks, we’d be able to return to normal. The two weeks came and went and instead of going back to normal they added more restrictions. These past two years have been a story of moving goalposts and “experts” like Anthony Fauci constantly contradicting themselves.
Early on, in April 2020, I warned in an article titled “Next in Coronavirus Tyranny: Forced Vaccinations and ‘Digital Certificates,’” that the ultimate goal of the “two weeks” crowd was to force vaccines and a “vaccine passport” on Americans.
My concerns were at the time written off as just another

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