View Full Version : Economic: Monetary Policy: Does Ron Paul support the credit monopoly?

02-28-2012, 04:45 AM
Does Ron Paul support the credit monopoly, by which the state controls who can and cannot issue or loan money? Does he want the state to protect the power to issue credit and currency for some while interfering with normal people who just want to print their own money?

This is important to me since I see the credit monopoly (also called the money mononpoly) as one explanation for why really great inequalities exist in society. And I think that you can not be pro-freedom if you want to interfere with people who want to create their own money.

02-28-2012, 06:49 AM
No, not really. Ron Paul will work to restore the money system to its Constitutional limits. I think ideally he would like to achieve a total separation of money and government like Murray Rothbard called for, but I have only heard Ron talk about obeying the Constitution. Sound money, 100% redeemable.

Along the lines of this: The Purse & The Sword (http://www.amazon.com/Purse-Sword-Dr-Edwin-Vieira/dp/B003FSTVI6) by Dr. Edwin Vieira Jr.

02-28-2012, 10:57 AM
In a TRUE free market there are no such things as monopolies. It's actually the government regulations (written mostly by big business) that suppress other forms of competition. People think the government STOPS monopolies but it actually causes them, as with pretty much everything else bad........

02-28-2012, 11:02 AM
Ron Paul has called for legalizing competing currencies.

(BTW, "libertarian-socialist"? You wouldn't happen to be getting caught up in Noam Chomsky, would you?)