Saturday, August 4, 2012

Ron Paul statement for the record on sound money

Ron Paul’s Statement for the Record – Hearing on Sound Money

United States House of Representatives
Committee on Financial Services
Subcommittee on Domestic Monetary Policy
Hearing on Sound Money: Parallel Currencies and the Roadmap to Monetary Freedom
August 2, 2012
Congressman Ron Paul
Statement for the Record

One of the most pressing issues of our time is the push for monetary freedom. The only sound monetary system is one which protects sound money and allows consumers, businesses, and investors the freedom to transact in the currency of their choice. The importance of sound money is summed up nicely by Ludwig von Mises: “It is impossible to grasp the meaning of the idea of sound money if one does not realize that it was devised as an instrument for the protection of civil liberties against despotic inroads on the part of governments.” It is no wonder that governments fight tooth and nail against sound money, as sound money protects the well-being of the middle class and the poor while preventing the expansion of government.

Read it all:

Congressman Ron Paul's Final Domestic Monetary Policy Subcommittee Hearing