Ron Paul’s Pillars of Prosperity: Free Markets, Honest Money, Private Property is now available for just $24. And you can read this important work online for free! This economic manifesto (484 pages!) collects Ron’s greatest speeches and debates over the last 30 years, and provides documentary evidence that he is not only a master of the topic; he has provided a coherent explanation of nearly everything the government has done wrong in this area since he first entered public office. He also provides a way out, as implied by the subtitle: free market, honest money, and private property.
Dr. Paul has consistently battled for all three.
Economics is topic about which most politicians are abysmally ignorant. As this books shows, Ron Paul is a master of the topic and the nation’s teacher on a vast range of economic issues. He addresses monetary policy during critical times such as the late 1970s inflation mania, and was a lone voice pointing to the real cause of Federal Reserve monetary policy.Whereas most members of Congress are intimidated by Fed officials, Paul’s confrontations with Greenspan are documented here word for word. In addition, he reveals the social and economic effects of loose credit, and shows the ill-effects of bailouts. He addresses high taxes, regulation, trade restrictions, and bravely denounces sanctions against foreign countries for fueling international tensions.
He also explains his view of free trade, for the real thing but against misnamed treaties that embroil international traders in bureaucracy.
He covers welfare, bureaucracy, war, and a a host of other economic topics in what is surely the most comprehensive, intelligent, and revealing book on economics ever written by a U.S. political figure — all informed by the Austrian tradition of thought that has so influenced his thinking.
ONTENTS
PREFACE BY ROBERT P. MURPHY
FOREWORD BY LLEWELLYN H. ROCKWELL, JR
PART 1—THE ECONOMICS OF A FREE SOCIETY
Current Political Philosophies’ Errors to Result in Political and Economic Crisis
Challenge to America: A Current Assessment of Our Republic
Has Capitalism Failed?
PART 2—MISES AND AUSTRIAN ECONOMICS: A PERSONAL VIEW
PART 3—REFORMING SOCIAL SECURITY
Senior Citizens’ Freedom to Work Act of 1999
Social Security Tax Relief Act
Social Security Preservation Act
Social Security for American Citizens Only!
PART 4—GIVING MONEY BACK TO THE TAXPAYERS
The Agriculture Education Freedom Act
The Family Health Tax Cut Act
The Public Safety Tax Cut Act
End the Income Tax—Pass the Liberty Amendment
Teacher Tax Cut Act
The Family Education Freedom Act
The False Tax Cut Debate
Police Security Protection Act
PART 5—MONEY AND BANKING: GOLD VERSUS FIAT
To Provide for Amendment of the Bretton Woods Agreement Act, and for Other Purposes
Inflation—The Overriding Concern of All Americans
Curtailing the Discretionary Powers of the Federal Reserve
Print 3 Million and Take 1 Million for Yourself
Gold Prices Soar; Dollar Declines
Government Should Stop Destroying Value of the Dollar
Increased Money Supply Cause of Inflation
The Recent Strength of the Dollar and Inflation
Inflation is Caused by Government
Debasement
Congressional Inflation
Gold versus Paper
Five Myths of the Gold Standard
Audit of the Federal Reserve
High Interest Rates
At the Brink
The Folly of Current Monetary Policy
Back Into the Woods
Conduct of Monetary Policy
Federal Reserve has Monopoly over Money and Credit in United States
Conduct of Monetary Policy
East Asian Economic Conditions
Conduct of Monetary Policy
The Bubble
International Economic Turmoil
Revamping the Monetary System
Congress Ignores its Constitutional Responsibility Regarding Monetary Policy
Warning about Foreign Policy and Monetary Policy
Economic Update
The Economy
The U.S. Dollar and the World Economy
The Foolishness of Fiat
Gold and the Dollar
Hard Questions for Federal Reserve Chairman Greenspan
Bring Back Honest Money
Paper Money and Tyranny
Reject Taxpayer Bank Bailouts
The End of Dollar Hegemony
What the Price of Gold is Telling Us
Monetary Policy and the State of the Economy
Chinese Currency
Financial Services Paulson Hearing
PART 6—FREE TRADE: REAL VERSUS PHONY
Our Soaring Trade Deficit Cannot Be Ignored
Ron Paul Amendment to Cut Corporate Welfare
What is Free Trade?
The Dollar and Our Current Account Deficit
International Trade
PNTR
The Export-Import Reauthorization Act
Opposing Unconstitutional “Trade Promotion Authority”
Steel Protectionism
Export-Import Bank is Corporate Welfare
Don’t Antagonize Our Trading Partners
The United States Trade Rights Enforcement Act
PART 7—INTERNATIONAL AFFAIRS
Dissenting Views on H.R. 7244
Big Bankers Get Their Bailout
The Mexican Bailout
Reaffirming Commitment of United States to Principles of the Marshall Plan
Calling for the United States to Withdraw from the World Trade Organization
U.S. Membership in the World Trade Organization
New China Policy
Ending U.S. Membership in the IMF
Wasteful Foreign Aid to Colombia
Opposing Taxpayer Funding of Multinational Development Banks
Why Does the IMF Prohibit Gold-Backed Currency for its Member States?
The Myth of War Prosperity
Opposing Trade Sanctions against Syria
Reject the Millennium Challenge Act
Providing for the Establishment of a Commission in the House of Representatives to Assist Parliaments in Emerging Democracies
Opposing Statement to Committee on Financial Services World Bank Hearing
Darfur Accountability and Divestment Act
Iran Sanctions Enabling Act
PART 8—HOW GOVERNMENT DISTORTS THE HOUSING MARKET
Debate on the Housing Opportunity and Responsibility Act of 1997
Fannie Mae and Freddie Mac Subsidies Distort the Housing Market
The American Dream Downpayment Act
Reforming the Government Sponsored Enterprises (Fannie Mae and Freddie Mac)
Mortgage Industry Has Its Roots in the Federal Reserve’s Inflationary Monetary Policy
PART 9—SPENDING, TAXES, AND REGULATIONS
The Chrysler Bailout
The Balanced Budget Amendment
Authorizing President to Award Congressional Gold Medal to Mother Teresa
The Davis-Bacon Repeal Act
The National Right to Work Act
Authorizing President to Award Congressional Gold Medal to Rosa Parks
OSHA Home Office Regulations
Minimum Wage Increase Act
Awarding Gold Medal to Former President and Mrs. Ronald Reagan in Recognition of Service to Nation
Internet Gambling Prohibition Act of 2000
The Wage Act
Truth in Employment Act
Financial Anti-Terrorism Act of 2001
Terrorism Reinsurance Legislation
The Collapse of Enron
Television Consumer Freedom Act
The Shrimp Importation Financing Fairness Act
Oppose the Federal Welfare State
Oppose the Spendthrift 2005 Federal Budget Resolution
A Token Attempt to Reduce Government Spending
Praising Private Space Exploration
Government Spending—A Tax on the Middle Class
Raising the Debt Limit: A Disgrace
Repeal Sarbanes-Oxley!
The Republication Congress Wastes Billions Overseas
So-Called “Deficit Reduction Act”
What Congress Can Do About Soaring Gas Prices
Executive Compensation
GLOSSARY OF ACRONYMS
INDEX
