Saturday, February 9, 2013
Beware The Consequences of Pre-Emptive War
By Dr. Ron Paul
http://the-free-foundation.org/tst2-11-2013.html
Last year more US troops died by suicide than died in combat in Afghanistan. More than 20 percent of military personnel deployed to combat will develop post-traumatic stress disorder (PTSD). Some 32 percent of US soldiers reported depression after deployments. More than 20 percent of active-duty military are on potentially dangerous psychotropic drugs; many are on multiple types. Violent crime among active duty military members increased 31 percent between 2006-2011.
Monday, January 28, 2013
Dr. Paul is continuing his weekly newsletters:
US Action in Mali is Another Undeclared War
President Obama last week began his second term by promising that “a decade of war is now ending.” As he spoke, the US military was rapidly working its way into another war, this time in the impoverished African country of Mali. As far as we know, the US is only providing transport and intelligence assistance to France, which initiated the intervention then immediately called Washington for back-up and funding. However, even if US involvement is limited, and, as Defense Secretary Leon Panetta said, US boots on the ground are not being considered “at this time,” this clearly is developing into another war. As usual, the mission is creeping.
For the rest of the analysis go here: http://the-free-foundation.org/tst1-28-2013.html
US Action in Mali is Another Undeclared War
President Obama last week began his second term by promising that “a decade of war is now ending.” As he spoke, the US military was rapidly working its way into another war, this time in the impoverished African country of Mali. As far as we know, the US is only providing transport and intelligence assistance to France, which initiated the intervention then immediately called Washington for back-up and funding. However, even if US involvement is limited, and, as Defense Secretary Leon Panetta said, US boots on the ground are not being considered “at this time,” this clearly is developing into another war. As usual, the mission is creeping.
For the rest of the analysis go here: http://the-free-foundation.org/tst1-28-2013.html
Monday, September 24, 2012
Interest Rates Are Prices
| One of the most enduring myths in the United States is that this country has a free market, when in reality, the market is merely the structural shell of formerly free institutions. Government pulls the strings behind the scenes. No better illustration of this can be found than in the Federal Reserve's manipulation of interest rates. The Fed has interfered with the proper function of interest rates for decades, but perhaps never as boldly as it has in the past few years through its policies of quantitative easing. In Chairman Bernanke's most recent press conference he stated that the Fed wishes not only to drive down rates on Treasury debt, but also rates on mortgages, corporate bonds, and other important interest rates. Markets greeted this statement enthusiastically, as this means trillions more newly-created dollars flowing directly to Wall Street. Because the interest rate is the price of money, manipulation of interest rates has the same effect in the market for loanable funds as price controls have in markets for goods and services. Since demand for funds has increased, but the supply is not being increased, the only way to match the shortfall is to continue to create new credit. But this process cannot continue indefinitely. At some point the capital projects funded by the new credit are completed. Houses must be sold, mines must begin to produce ore, factories must begin to operate and produce consumer goods. But because consumption patterns have either remained unchanged or have become more present-oriented, by the time these new capital projects are finished and begin to produce, the producers find no market for their goods. Because the coordination between savings and consumption was severed through the artificial lowering of the interest rate, both savers and borrowers have been signaled into unsustainable patterns of economic activity. Resources that would have been used in productive endeavors under a regime of market-determined interest rates are instead shuttled into endeavors that only after the fact are determined to be unprofitable. In order to return to a functioning economy, those resources which have been malinvested need to be liquidated and shifted into sectors in which they can be put to productive use. Another effect of the injections of credit into the system is that prices rise. More money chasing the same amount of goods results in a rise in prices. Wall Street and the banking system gain the use of the new credit before prices rise. Main Street, however, sees the prices rise before they are able to take advantage of the newly-created credit. The purchasing power of the dollar is eroded and the standard of living of the American people drops. We live today not in a free market economic system but in a "mixed economy", marked by an uneasy mixture of corporatism; vestiges of free market capitalism; and outright central planning in some sectors. Each infusion of credit by the Fed distorts the structure of the economy, damages the important role that interest rates play in the market, and erodes the purchasing power of the dollar. Fed policymakers view themselves as wise gurus managing the economy, yet every action they take results in economic distortion and devastation. Unless Congress gets serious about reining in the Federal Reserve and putting an end to its manipulation, the economic distortions the Fed has caused will not be liquidated; they will become more entrenched, keeping true economic recovery out of our grasp and sowing the seeds for future crisis. Note from me: this is from Dr. Ron Paul's Congressional website: "Texas Straight Talk" Note: You can write in Dr. Paul's name when you vote for him in November for the office of President of the United States. |
Monday, April 9, 2012
In Praise of Private Charity
Countless organizations within the United States are run with the sole purpose of helping others. Dr. Paul visited one of these organizations and relates his observations in the following article. The organization is not associated with the government but the article is from Dr. Paul's gov. site.
Check out the organization for yourself.
Texas Straight Talk From Ron Paul
In Praise of Private Charity
One of the great fallacies of our time is that if government doesn't do something, no one will. Its corollary is that if you are opposed to the government doing something, that you are opposed to anyone performing that function at all. These disastrous fallacies color much of our national debate concerning heath care, education, poverty, housing, and disaster relief, and other issues.
This Easter season, I would like to applaud an organization that proves just how much private charity can accomplish without government mandates or intrusion. Convoy of Hope, based in Springfield, Missouri is equal parts grocer, clothier, heath care provider, first responder, educator, and logistics expert. It works with communities across America and around the world, bringing together other local charities, businesses, churches, and government agencies to alleviate poverty and help people in the wake of disasters. The tremendous scope of its activities serves as a reminder that government is neither the sole, nor the best, provider of goods and services to people in need.
I recently had the privilege of touring Convoy of Hope's headquarters and distribution center. It was a humbling but encouraging experience. Frankly, I've never seen an organization so focused, efficient, and poised to do so much good for so many people.
Convoy of Hope was founded by Hal and David Donaldson in 1994, who, as young boys suffered the death of their father and subsequent poverty. Both men were struck by the outpouring of support their family received during that time from local churches and the community. As a result, the two brothers developed a deep sense of responsibility to helping others in need. Convoy of Hope has since helped more than 50 million individuals in more than 100 countries-- giving away nearly $300 million worth of food and supplies in the process.
They typically spend only about 10% of their budget on overhead while employing a small staff of approximately 85 people. Watchdog group Charity Navigator consistently gives Convoy of Hope high marks for both its financial acumen and transparency.
Convoy of Hope also stretches its resources by developing strategic partnerships with private sector corporations, including Coca Cola, Nestle, Proctor & Gamble, Georgia Pacific, Cargill, Del Monte, and FedEx. These corporate donors donate everything from building supplies to bottled water to toiletries. Its massive distribution center and headquarters are centrally located in Missouri, where its fleet of trucks can dispatch quickly to any location in America. It also operates six international distribution centers for logistical efficiency.
The next step for Convoy of Hope is an audacious one: a 50 state tour beginning in May designed to address poverty across the United States. The "Convoy of Hope Tour" will provide an average of $1 million in goods and services to a community in a single day. Convoy of Hope's fleet of 18 wheel trucks will roll through every state, providing a wide variety of goods and practical services to those in need, including groceries, job counseling, clothing, dental care, breast cancer screenings, haircuts, family portraits, children's activities, as well as prayer and connections with local churches.
Convoy of Hope is doing tremendous work on behalf of mankind. I wish everyone at Convoy of Hope great success with their upcoming tour. It's hard to imagine a government agency operating as efficiently, as nimbly, or as cheerfully as Convoy of Hope. I truly believe it should serve as a model for private, voluntary, nongovernmental solutions to poverty and disaster relief in our communities.
Check out the organization for yourself.
Texas Straight Talk From Ron Paul
In Praise of Private Charity
One of the great fallacies of our time is that if government doesn't do something, no one will. Its corollary is that if you are opposed to the government doing something, that you are opposed to anyone performing that function at all. These disastrous fallacies color much of our national debate concerning heath care, education, poverty, housing, and disaster relief, and other issues.
This Easter season, I would like to applaud an organization that proves just how much private charity can accomplish without government mandates or intrusion. Convoy of Hope, based in Springfield, Missouri is equal parts grocer, clothier, heath care provider, first responder, educator, and logistics expert. It works with communities across America and around the world, bringing together other local charities, businesses, churches, and government agencies to alleviate poverty and help people in the wake of disasters. The tremendous scope of its activities serves as a reminder that government is neither the sole, nor the best, provider of goods and services to people in need.
I recently had the privilege of touring Convoy of Hope's headquarters and distribution center. It was a humbling but encouraging experience. Frankly, I've never seen an organization so focused, efficient, and poised to do so much good for so many people.
Convoy of Hope was founded by Hal and David Donaldson in 1994, who, as young boys suffered the death of their father and subsequent poverty. Both men were struck by the outpouring of support their family received during that time from local churches and the community. As a result, the two brothers developed a deep sense of responsibility to helping others in need. Convoy of Hope has since helped more than 50 million individuals in more than 100 countries-- giving away nearly $300 million worth of food and supplies in the process.
They typically spend only about 10% of their budget on overhead while employing a small staff of approximately 85 people. Watchdog group Charity Navigator consistently gives Convoy of Hope high marks for both its financial acumen and transparency.
Convoy of Hope also stretches its resources by developing strategic partnerships with private sector corporations, including Coca Cola, Nestle, Proctor & Gamble, Georgia Pacific, Cargill, Del Monte, and FedEx. These corporate donors donate everything from building supplies to bottled water to toiletries. Its massive distribution center and headquarters are centrally located in Missouri, where its fleet of trucks can dispatch quickly to any location in America. It also operates six international distribution centers for logistical efficiency.
The next step for Convoy of Hope is an audacious one: a 50 state tour beginning in May designed to address poverty across the United States. The "Convoy of Hope Tour" will provide an average of $1 million in goods and services to a community in a single day. Convoy of Hope's fleet of 18 wheel trucks will roll through every state, providing a wide variety of goods and practical services to those in need, including groceries, job counseling, clothing, dental care, breast cancer screenings, haircuts, family portraits, children's activities, as well as prayer and connections with local churches.
Convoy of Hope is doing tremendous work on behalf of mankind. I wish everyone at Convoy of Hope great success with their upcoming tour. It's hard to imagine a government agency operating as efficiently, as nimbly, or as cheerfully as Convoy of Hope. I truly believe it should serve as a model for private, voluntary, nongovernmental solutions to poverty and disaster relief in our communities.
Monday, August 24, 2009
You'd Think It Would Be A Piece Of Very Obvious Common Sense...
We Need Sunlight to Disinfect the Legislative Process!
"During August recess, many legislators have heard an unexpected amount of discontent from their constituents about what is happening on Capitol Hill, particularly regarding healthcare. Some people are justifiably terrified at what the government could do to healthcare, should it get its claws even further into it. Others demand a public option for health insurance and are adamant that healthcare be treated as yet another absolute entitlement. One thing everyone agrees on is that the final bill needs to be read and understood by all legislators before a vote is taken. To any American, this is common sense. In Washington, that is unlikely to happen.
There is much confusion and debate over what is and is not in the reform plan being considered. Are there or are there not so-called death panels? What are the end-of-life consultations really for? How will private insurance be affected? Can you keep your current plan or will you eventually be forced into a government plan? Will it pay for elective abortions or not? What are the implications for medical privacy? The truth is no one knows what will be in the final bill until it is on the House floor, and provisions could be added in and taken out in the wee hours of the morning before.
In February, the House was forced to vote on an over 1,000 page “stimulus” bill that had first been posted on the internet just after midnight the morning of the vote. It passed. Then in June, House leaders rushed a vote on the cap-and-trade bill, even though an over 300 page “manager’s amendment” making substantive changes to the bill, was introduced shortly after 3:00 a.m. the morning of the vote.
Washington thrives on crisis. If enough people can be convinced that we are in an emergency, they will more likely tolerate rushing legislation to the floor like this. Last minute changes will be slipped in, benefitting who knows what special interests and at what expense to the taxpayer. But the mantra is repeated over and over: We are in a crisis. We must act immediately.
It should be unconscionable for legislators to vote in favor of legislation they have not had the opportunity to read. This is why I have re-introduced the Sunlight Rule, H.Res 216. The Sunlight Rule prohibits any piece of legislation from being brought before the House of Representatives unless it has been available to read for at least 10 days.
The Sunlight Rule allows citizens to move for censure of any House Member who votes for a bill in violation of this act. Because the Sunlight Rule could never be waived, any Member could raise a point of order requiring any bill in violation to be immediately pulled from the House calendar until it can be brought to the floor in a manner consistent with this rule. This rule does not require that Members read the bills. It merely guarantees the opportunity to do so. It has 4 cosponsors.
Justice Louis Brandeis famously said, “Sunlight is the best disinfectant.” The Sunlight Rule would do much towards negating the cycle of pseudo-crises and cleaning up the legislative process here in Washington. I sincerely hope this is the year Congress remembers its deliberative duties and passes it."
Posted by Ron Paul (08-24-2009, 12:44 PM) filed under Unspecified
"During August recess, many legislators have heard an unexpected amount of discontent from their constituents about what is happening on Capitol Hill, particularly regarding healthcare. Some people are justifiably terrified at what the government could do to healthcare, should it get its claws even further into it. Others demand a public option for health insurance and are adamant that healthcare be treated as yet another absolute entitlement. One thing everyone agrees on is that the final bill needs to be read and understood by all legislators before a vote is taken. To any American, this is common sense. In Washington, that is unlikely to happen.
There is much confusion and debate over what is and is not in the reform plan being considered. Are there or are there not so-called death panels? What are the end-of-life consultations really for? How will private insurance be affected? Can you keep your current plan or will you eventually be forced into a government plan? Will it pay for elective abortions or not? What are the implications for medical privacy? The truth is no one knows what will be in the final bill until it is on the House floor, and provisions could be added in and taken out in the wee hours of the morning before.
In February, the House was forced to vote on an over 1,000 page “stimulus” bill that had first been posted on the internet just after midnight the morning of the vote. It passed. Then in June, House leaders rushed a vote on the cap-and-trade bill, even though an over 300 page “manager’s amendment” making substantive changes to the bill, was introduced shortly after 3:00 a.m. the morning of the vote.
Washington thrives on crisis. If enough people can be convinced that we are in an emergency, they will more likely tolerate rushing legislation to the floor like this. Last minute changes will be slipped in, benefitting who knows what special interests and at what expense to the taxpayer. But the mantra is repeated over and over: We are in a crisis. We must act immediately.
It should be unconscionable for legislators to vote in favor of legislation they have not had the opportunity to read. This is why I have re-introduced the Sunlight Rule, H.Res 216. The Sunlight Rule prohibits any piece of legislation from being brought before the House of Representatives unless it has been available to read for at least 10 days.
The Sunlight Rule allows citizens to move for censure of any House Member who votes for a bill in violation of this act. Because the Sunlight Rule could never be waived, any Member could raise a point of order requiring any bill in violation to be immediately pulled from the House calendar until it can be brought to the floor in a manner consistent with this rule. This rule does not require that Members read the bills. It merely guarantees the opportunity to do so. It has 4 cosponsors.
Justice Louis Brandeis famously said, “Sunlight is the best disinfectant.” The Sunlight Rule would do much towards negating the cycle of pseudo-crises and cleaning up the legislative process here in Washington. I sincerely hope this is the year Congress remembers its deliberative duties and passes it."
Posted by Ron Paul (08-24-2009, 12:44 PM) filed under Unspecified
Saturday, June 6, 2009
Monday, August 4, 2008
Texas Straight Talk From Ron Paul
Washington's Intervention Addiction
One problem with politicians is that when problems they create come to a head, they typically feel this irresistible urge to DO something, rather than to UN-do something, or to simply back off to avoid exacerbating the situation. Too often, that which they end up doing has very little connection to the cause of the crisis, but plays well in the press and superficially makes everyone feel better. Bills that are rushed through Congress under duress are never studied enough, providing too tempting an opportunity to quietly slip in unrelated provisions that erode freedoms in ways that would never pass as a stand-alone bill. We famously saw this with the PATRIOT Act, but Washington learned nothing from that.
The current housing crisis and the corresponding big government fix are another prime example. First of all, the so-called solution will actually make the problem worse. The problem stems from easy credit and a rush to flood the housing and mortgage markets with money. Relaxed or non-existent lending standards led many into mortgages and houses they could not afford. As more foreclosures hit, the lending institutions will continue collapsing like dominoes under the weight of all the bad paper they underwrote. Some are reacting and reintroducing lending standards. Thus the number of buyers in the market for homes is beginning to shrink back to its natural size, and hyper-inflated prices are falling back down to earth. In these ways, the market is trying to correct itself in the wake of the mistakes government intervention encouraged them to make through easy credit. However, this correction is causing pain, especially to Wall Street investors and those who bought homes at the top of the market bubble, never expecting it to crash, always assuming they would easily be able to refinance.
Some mistakenly identify the falling home prices as the disease instead of merely a symptom – which they plan to fix with more easy credit and more liquidity to push more unqualified buyers back into the market for homes they still cannot afford. This is akin to the drug addict identifying withdrawal symptoms as his problem and searching for another fix as his solution. The cycle continues and the problems compound themselves. The addiction deepens.
Addicts are told the first step to recovery is to admit their problem. To cure this addiction to intervention we have to honestly admit the problem and once and for all, kick the habit. That will involve some pain, without a doubt. There is no easy, painless solution to the mess the disastrous economic interventions of the past have wrought. The question is – do we allow some lending institutions to collapse, or do we allow the dollar to collapse? To extend the metaphor, do we endure the temporary discomfort of withdrawal, or do we continue on until there is a fatal overdose? We can delay the agony, but only for a little while, and then we will all end up paying the price for the mistakes of a few.
With the final passage of the Housing Bailout Bill quietly on a Saturday in the Senate, and the President’s signature, our government has unfortunately chosen the latter…
One problem with politicians is that when problems they create come to a head, they typically feel this irresistible urge to DO something, rather than to UN-do something, or to simply back off to avoid exacerbating the situation. Too often, that which they end up doing has very little connection to the cause of the crisis, but plays well in the press and superficially makes everyone feel better. Bills that are rushed through Congress under duress are never studied enough, providing too tempting an opportunity to quietly slip in unrelated provisions that erode freedoms in ways that would never pass as a stand-alone bill. We famously saw this with the PATRIOT Act, but Washington learned nothing from that.
The current housing crisis and the corresponding big government fix are another prime example. First of all, the so-called solution will actually make the problem worse. The problem stems from easy credit and a rush to flood the housing and mortgage markets with money. Relaxed or non-existent lending standards led many into mortgages and houses they could not afford. As more foreclosures hit, the lending institutions will continue collapsing like dominoes under the weight of all the bad paper they underwrote. Some are reacting and reintroducing lending standards. Thus the number of buyers in the market for homes is beginning to shrink back to its natural size, and hyper-inflated prices are falling back down to earth. In these ways, the market is trying to correct itself in the wake of the mistakes government intervention encouraged them to make through easy credit. However, this correction is causing pain, especially to Wall Street investors and those who bought homes at the top of the market bubble, never expecting it to crash, always assuming they would easily be able to refinance.
Some mistakenly identify the falling home prices as the disease instead of merely a symptom – which they plan to fix with more easy credit and more liquidity to push more unqualified buyers back into the market for homes they still cannot afford. This is akin to the drug addict identifying withdrawal symptoms as his problem and searching for another fix as his solution. The cycle continues and the problems compound themselves. The addiction deepens.
Addicts are told the first step to recovery is to admit their problem. To cure this addiction to intervention we have to honestly admit the problem and once and for all, kick the habit. That will involve some pain, without a doubt. There is no easy, painless solution to the mess the disastrous economic interventions of the past have wrought. The question is – do we allow some lending institutions to collapse, or do we allow the dollar to collapse? To extend the metaphor, do we endure the temporary discomfort of withdrawal, or do we continue on until there is a fatal overdose? We can delay the agony, but only for a little while, and then we will all end up paying the price for the mistakes of a few.
With the final passage of the Housing Bailout Bill quietly on a Saturday in the Senate, and the President’s signature, our government has unfortunately chosen the latter…
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