Ron Paul’s The Revolution: A Manifesto is an educational book
that presents valuable lessons from history, economics, and libertarian ethics as a unified philosophy of freedom. While the book is not available as a free PDF download, you can order the Hardcover, Kindle and Audio CD editions at Amazon.com.
Foreign Policy and The Founders
Dr. Paul begins his book with a history lesson about foreign policy in the United States. He quotes the words from Jefferson’s first inaugural address which should be the motto of the State Department: “peace, commerce, and honest friendship with all nations, entangling alliances with none.” As Dr. Paul points out,
Unfortunately, we have spent the past century spurning this sensible advice. If the Founders’ advice is acknowledged at all, it is dismissed on the grounds that we no longer live in their times. The same hackneyed arguments could be used against any of the other principles the Founders gave us. Should we give up the First Amendment because times have changed?
This statement sums up every argument against the case for individual liberty. As Dr. Paul points out, John Quincy Adams had a similar position:
Wherever that standard of freedom and Independence has been or shall be furled, there will her heart, her benedictions and her prayers be. But she goes not abroad in search of monsters to destroy. [...] She well knows that by once enlisting under other banners than her own, were they even banners of foreign independence, she would involve herself beyond the power of extrication, in all the wars of interest and intrigue, of individual avarice, envy and ambition, which assume the colors and usurp the standard of freedom.
There it is—the almost prophetic vision that these men had when they constructed this country. Paul continues, “This wasn’t ‘isolationism.’ It was a beautiful and elegant statement of common sense, and of principles that at one time were taken for granted by nearly everyone.” He later says,
There are those who condemn noninterventionists for being insufficiently ambitious, for their unwillingness to embrace “national greatness” [...] These critics should have the honesty to condemn the Founding Fathers for the same defect. They wouldn’t dare.
The Federal Reserve is the chief culprit behind the economic crisis. Its unchecked power to create endless amounts of money out of thin air brought us the boom and bust cycle and causes one financial bubble after another. Since the Fed’s creation in 1913 the dollar has lost more than 96% of its value, and by recklessly inflating the money supply the Fed continues to distort interest rates and intentionally erodes the value of the dollar.
For the past 30 years, Congressman Ron Paul has worked tirelessly to bring much-needed transparency and accountability to the secretive bank. And in 2009 his unfaltering dedication showed astonishing results: HR 1207, the bill to audit the Federal Reserve, swept the country and made the central bankers shudder at their desks. The bill passed as an amendment both in the House Financial Services Committee and in the House itself.
But the usurpers of America’s future didn’t take it lying down. They weren’t about to allow their secrets to be exposed and their magic money machine to be put under close scrutiny. They worked frantically behind the scenes to quietly derail all efforts to open up the Federal Reserve to an independent audit.
A handful of Fed-loving U.S. senators led by Chris Dodd rewrote the Senate version of the Financial Reform Bill to strip out Ron Paul’s Audit the Fed amendment and actually expand the Fed’s power over banks, lending and money. As Alan Grayson pointed out here, and Ron Paul commented on here, the Dodd bill completely eliminated legislation to audit the Federal Reserve, which already passed in the House.
Sen. Bernie Sanders (I-Vt.) introduced an amendment on the floor effectively adding the Grayson-Paul language to the Senate bill, but later changed his amendment under pressure by the Federal Reserve and the Obama administration. The altered Sanders amendment passed the Senate on May 11, 2010 by a unanimous 96-0 vote.
Sen. Vitter reintroduced an amendment with the original Audit the Fed language. The Senate rejected the amendment on May 11, 2010 by a 37-62 vote.
The House and Senate went to the conference committee which attempted to reconcile the differences between the two bills (and their amendments). Unfortunately, Ron Paul’s tough language ended up not being included in the final bill.
On June 30, 2010, the GOP introduced Ron Paul’s Audit the Fed bill as a motion to recommit, which was the last chance to alter the financial regulation bill. Audit the Fed failed by a vote of 229-198. All Republicans voted in favor of the measure with 23 Democrats crossing the aisle to vote with Republicans. 114 co-sponsors of HR 1207, all Democrats, jumped ship and voted against Audit the Fed.