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Pillars of Prosperity: Free Markets, Honest Money, Private Property

Book by Ron Paul · 9 quotes · Capitalism, Government, Budgets

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Pillars of Prosperity: Free Markets, Honest Money, Private Property Quotes

“The Founding Fathers realized that "the power to tax is the power to destroy," which is why they did not give the Federal government the power to impose an income tax. Needless to say, the Founders would be horrified to know that Americans today give more than a third of their income to the Federal government.”

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“Ignorance, as well as disapproval for the natural restraints placed on market excesses that capitalism and sound markets impose, cause our present leaders to reject capitalism and blame it for all the problems we face. If this fallacy is not corrected and capitalism is even further undermined, the prosperity that the free market generates will be destroyed.”

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“To condemn free-market capitalism because of anything going on today makes no sense. There is no evidence that capitalism exists today. We are deeply involved in an interventionist-planned economy that allows major benefits to accrue to the politically connected of both political parties. One may condemn the fraud and the current system, but it must be called by its proper names — Keynesian inflationism, interventionism, and corporatism.”

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Book:Pillars of Prosperity: Free Markets, Honest Money, Private Property
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“A system of capitalism presumes sound money, not fiat money manipulated by a central bank. Capitalism cherishes voluntary contracts and interest rates that are determined by savings, not credit creation by a central bank.”

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Book:Pillars of Prosperity: Free Markets, Honest Money, Private Property
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