Ron Paul Talks State of the Nation
Republican presidential candidate Rep. Ron Paul spoke to the New Hampshire House Business Coalition/the Greater Concord Chamber of Commerce at their breakfast event at the Kimball-Jenkins estate where he spoke about the current economic situation and Constitutional principles, reports the Concord Patch
During his discussion about the economy, Paul admitted that it was difficult to offer a concise explanation as to why we are in our current economic position, saying that “it took a long time for us to get here.”
He added that the Founders didn’t want the federal system to have too much power, which is why they endowed the states with sovereign rights.
“We put up with price controls in half our economy and that is, the monetary system, the interference of the Fed controlling interest rates,” Paul said. “When that is done, the businessman, the consumers, and the savers, everybody, gets bad information.”
Paul went on to say that our trade policy of exporting money to buy good overseas has cost the country jobs.
“That has to change, we have to invite capital back in,” he said.
Ultimately, Paul argued that the American people should look to freedom and the Constitution for answers.
“Our Constitution gives us our answer, our traditions give us our answer, and we do not have to sacrifice our freedoms and we do not have to sacrifice our wealth. What we have to do is understand economics and understand how freedom works, and I believe we’ll get back on our feet in a short period of time.”