Ron Paul's Blog, page 100

Inflation Nightmare & The Fed's 2% CPI Pipe Dream

The posturing that inflation is such a "surprise" is typical, but shameful nevertheless. No one should be surprised that prices are skyrocketing after the government spent many trillions that it doesn't have. Further, it was only able to spend those trillions because the Fed counterfeited the money out-of-thin-air. Today's economic suffering could not be more predictable.

Supremes Rule: NY Gun Grab Law 'Unconstitutional'!

In a stunning 6-3 decision, the US Supreme Court ruled unconstitutional the New York requirement that applicants for a concealed carry handgun permit must show a special cause for the request. The Second Amendment "protects an individual's right to carry a handgun for self-defense outside the home," wrote Justice Clarence Thomas in the majority opinion. Also today: Biden's top economic advisor claims the best way out of inflation is...more government spending!

Get your EARLY BIRD tickets f...

Biden's Gas Tax Holiday - Spitting In The Wind?

President Biden is set to announce a temporary suspension of the federal gasoline tax in the face of record gas prices in the US. However, with gas prices around five dollars per gallon, the 18 cents per gallon savings equals about two dollars per tank savings. Is this a band-aid on a gushing wound? Also today, only 11 percent of Americans buy the "Putin price hike" rhetoric. And...Congress expands US economic war on China with new import ban.

Global Elites Starve Africa To 'Punish' Russia

UN World Food Program head David Beasley announced yesterday that global food rations for refugees will need to be cut in half due to the unprecedented food crisis. How much of this crisis is man-made as the elites use food as a weapon in what has turned out to be a futile effort to punish Russia? How much of the food and energy crisis is actually being cheered by those pushing the "green" agenda? Also today: Slovakia miffed that Germany won't replace junky Soviet tanks sent to Ukraine with shin...

Federal Reserve’s Rate Increases: Too Little Too Late?

By Ron Paul

The Federal Reserve’s recent 0.75 percent increase in its “benchmark” interest rate is the Fed’s highest rate increase since 1994. This increase is a sign that the Fed has finally realized that price inflation is more persistent and widespread than the Fed initially believed.

Stocks have fallen much lately. This is in part because of fears rate hikes will push the economy into recession. The Fed itself seems to believe that the economy is going to slow down in the near future, as it ha...

Sen. Cornyn's "Red Flag" Gun Compromise...Is A Red Flag!

Sen. Jonn Cornyn (R-TX) and nine other Republicans in the Senate have crossed over to support "compromise" legislation to move the US further toward "red flag" gun laws, where a Constitutional right can be taken without due process. Texans told Cornyn what they think of him and his compromise at the TX GOP state convention last week. The legislation may make it to the Floor this week. Also today: Did Lithuania just spark WWIII?

The Fed Can't Replace The Market To Find The Best Interest Rate

The failure of central planning is manifesting in our world again, this time from The Fed. There's no "right way" to plan the economy, or to manipulate interest rates, or to counterfeit money. It's all wrong and destructive! The only fix is to End The Fed and to use sound money once again.

NATO Summit Demands: More Weapons For Ukraine!

The rhetoric at the NATO summit this week is predictable: we must send more weapons to Ukraine! But behind the rehearsed facade, there are increasing cracks in the alliance...and among the peoples of Europe. Even Blinken is changing his tune a bit...

Green Reversal? Biden Screams At Oil Companies For NOT Drilling!

With the country crippled by record gas prices, President Biden has taken to yelling at oil companies for NOT drilling. But didn't he promise to end drilling and fossil fuels? Also today: horrific cost of covid lockdowns revealed. And - "Inflation? Ha! We're sending another $650 million for weapons to Ukraine!"

January 6 Committee: Inquisition Theater

Marx tells us that history repeats itself, the first time as tragedy and the second time as farce. We may be at that stage with the ridiculous January 6 Committee prime-time hearings - staged for television by a former news producer. Chairman Benny Thompson swears "no criminal referrals" will be handed down while Pelosi's hand-picked Republican ranking member Liz Cheney rebuts him with "not so fast!" Far from justice, these hearings demonstrate that DC Dems are in a box of their own making. Also...