Ron Paul on Honest Money: "Inflation isn't rising prices."

Posted by metta on Mon, 08/25/2008 - 19:11 in

Economy

Here's a great video in which Ron Paul explains the importance of honest money:
http://www.constitutionmining.com/ronpaulvideo.html

[from the video]

Ron Paul: "Inflation isn't rising prices. The inflation is the government's program of increasing the supply of money which devalues the currency and that causes the prices to go up. Inflation, that is the destruction of the money, eventually wipes out the middle class.....Eventually, it hurts everybody.....In this country right now, we have constant insidious inflation so there is a transfer of wealth from the poor and the middle class to the wealthy.....It causes prices to go up in general. Who suffers the most? The people who can afford it the least: the people on fixed incomes, low-middle income people, poor people...."

"If we continue to do what we are doing now, we will eventually destroy the dollar."

Paste this code into your site to promote this story!