Liberty MavenRon Paul Introduces the Free Competition in Currency Act
December 10th, 2009 1:15 pm | by Mike Miller | Published in congress, Liberty, Money, Politics, Ron Paul | 10 Responses
The title of this article says it all. Ron Paul is continuing to push hard for a sound currency in some form or another, and yesterday he introduced the Free Competition in Currency Act of 2009 with the following speech:
Madame Speaker, I rise to introduce the Free Competition in Currency Act of 2009. Currency, or money, is what allows civilization to flourish. In the absence of money, barter is the name of the game; if the farmer needs shoes, he must trade his eggs and milk to the cobbler and hope that the cobbler needs eggs and milk. Money makes the transaction process far easier. Rather than having to search for someone with reciprocal wants, the farmer can exchange his milk and eggs for an agreed-upon medium of exchange with which he can then purchase shoes.
This medium of exchange should satisfy certain properties: it should be durable, that is to say, it does not wear out easily; it should be portable, that is, easily carried; it should be divisible into units usable for every-day transactions; it should be recognizable and uniform, so that one unit of money has the same properties as every other unit; it should be scarce, in the economic sense, so that the extant supply does not satisfy the wants of everyone demanding it; it should be stable, so that the value of its purchasing power does not fluctuate wildly; and it should be reproducible, so that enough units of money can be created to satisfy the needs of exchange.
Over millennia of human history, gold and silver have been the two metals that have most often satisfied these conditions, survived the market process, and gained the trust of billions of people. Gold and silver are difficult to counterfeit, a property which ensures they will always be accepted in commerce. It is precisely for this reason that gold and silver are anathema to governments. A supply of gold and silver that is limited in supply by nature cannot be inflated, and thus serves as a check on the growth of government. Without the ability to inflate the currency, governments find themselves constrained in their actions, unable to carry on wars of aggression or to appease their overtaxed citizens with bread and circuses.
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December 10th, 2009 at 2:29 pm (#)
[...] Ron Paul Introduces the Free Competition in Currency Act … [...]
December 10th, 2009 at 6:43 pm (#)
Our congress is too busy debating important measures like regulating college football to even consider this obvious nonsense. Most of our glorious leaders wouldn't understand this anyway even if they weren't instantly put to sleep by the name of the act. If it was called "Promotion of equality and saving fluffy kittens act", that would be a totally different game.
December 10th, 2009 at 6:43 pm (#)
Our congress is too busy debating important measures like regulating college football to even consider this obvious nonsense. Most of our glorious leaders wouldn't understand this anyway even if they weren't instantly put to sleep by the name of the act. If it was called "Promotion of equality and saving fluffy kittens act", that would be a totally different game.
December 10th, 2009 at 6:43 pm (#)
Our congress is too busy debating important measures like regulating college football to even consider this obvious nonsense. Most of our glorious leaders wouldn't understand this anyway even if they weren't instantly put to sleep by the name of the act. If it was called "Promotion of equality and saving fluffy kittens act", that would be a totally different game.
December 10th, 2009 at 7:39 pm (#)
Ron Paul 2012! Are we ready yet?
December 13th, 2009 at 7:23 am (#)
Ron Paul can not single handedly free us all from Federal Reserve/IRS/NWO slavery!
These Tea Parties we've been throwing lately are a good start, but its just a start.
The global central banker/gangsters are not going to give up and walk away simply because Congress passes what they consider meaningless legislation (like End the FED).
Our Tea Parties will need to get 10 times bigger 10 times faster. We must ask ourselves: What can I do to make this revolution REAL in my life and the lives of my friends and family?
December 13th, 2009 at 7:23 am (#)
Ron Paul can not single handedly free us all from Federal Reserve/IRS/NWO slavery!
These Tea Parties we've been throwing lately are a good start, but its just a start.
The global central banker/gangsters are not going to give up and walk away simply because Congress passes what they consider meaningless legislation (like End the FED).
Our Tea Parties will need to get 10 times bigger 10 times faster. We must ask ourselves: What can I do to make this revolution REAL in my life and the lives of my friends and family?
December 15th, 2009 at 1:34 am (#)
Here is an endorsement from Switzerland in support of Ron Paul’s Free Competition in Currency Act http://www.lewrockwell.com/orig/holland10.1.html
December 15th, 2009 at 1:34 am (#)
Here is an endorsement from Switzerland in support of Ron Paul’s Free Competition in Currency Act http://www.lewrockwell.com/orig/holland10.1.html
December 15th, 2009 at 1:34 am (#)
Here is an endorsement from Switzerland in support of Ron Paul’s Free Competition in Currency Act http://www.lewrockwell.com/orig/holland10.1.html