Stop Borrowing From Future Generations

If elected, I will sponsor and work diligently to pass legislation to end the Federal Reserve System (the Fed); prohibit more government debt; prohibit printing of dollars not backed by physical commodities; remove restrictions on alternative currencies, e.g., Bitcoin, gold, silver; and allow the free market to set interest rates.

Why replace government meddling in money with marketplace discipline

  • By issuing debt, printing money, and controlling interest rates, the Federal Reserve (Fed) enables massive federal government spending, which has more than doubled since Bill Clinton left office in 2000.
  • Federal politicians dole out over half a trillion dollars to state and local governments every year — enabling them to overspend as well.
  • Overspending drives up federal, state, and local taxes, including sales, income, and property taxes.
  • Overspending has allowed politicians to rack up nearly $20 trillion in federal debt. This is unsustainable.
  • Overspending has allowed politicians to rack up and tens of trillions in unfunded liabilities. This is unsustainable.
  • Reckless government overspending depletes American prosperity and puts the wealth of all Americans at risk.
  • Forbidding more government debt will put the brakes on government overspending.
  • Prohibiting more government debt and allowing competition in currency will force politicians to rein in spending and stabilize the dollar, preserving American wealth.
  • Reduced spending will pave the way to lower taxes, saving Americans trillions they now pay every year.
  • Reduced spending will limit the government’s ability to impose regulations, making it easier to open, expand, and operate businesses in the U.S.
  • The Fed keeps interest rates artificially low so politicians can continue to spend recklessly and rack up debt.
  • Allowing the free market to set interest rates will rein in government overspending.
  • Allowing the market to set interest rates will reduce the risk of more housing bubbles.
  • Free market interest rates will allow seniors on fixed incomes to earn income on CDs (certificates of deposit) and bonds rather than risk their life savings in volatile, risky stocks.
  • Taking away the Fed’s license to incur debt and print money will stabilize the dollar, putting a halt to endlessly-rising costs of food, housing, and other essentials.
  • A stable dollar will allow seniors to retire in comfort.
  • A stable dollar will allow businesses and individuals to plan more efficiently and reduce risk.
  • By making the dollar the only legal tender, politicians shield themselves from the competition of other forms of currency such as gold or Bitcoin. This gives them more license to overspend recklessly.
  • Allowing Bitcoin, gold, silver, and other commodities to be used as currency will force politicians to stop overspending.
  • Market-driven monetary policies will lower the threat of an economic depression or collapse.

Be the first to comment

Please check your e-mail for a link to activate your account.