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25 Nov 08

Paul (TX14) - Speech and Statement - The Austrians Were Right

The basic problem is that proponents of big government require a central bank in order to surreptitiously pay bills without direct taxation. Printing needed money delays the payment. Raising taxes would reveal the true cost of big government, and the people would revolt. But the piper will be paid, and that’s what this crisis is all about.

www.house.gov/...statement_11_20_08.shtml - Preview

crash 2008 housing bubble fed ronpaul economics

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