It’s a shame to see what has happened so far in this new century. The last century ended with a victory over defeated communism. I think that was the greatest victory of the 20th century. Events showed that communism did not work. (This article was written by Ron Paul and originally published on the Ron Paul Liberty Report).
Unfortunately, we jumped to the conclusion that we had an Empire to defend, and that Keynesian economics would solve all of our problems. Printing money, spending money, and debt wouldn’t matter, and we would bring peace to the world and make everyone good democrats.
Right now, the refugee crisis that we see in Europe is a failure of government policies and a failure of central banking. In some ways, I think we are in a great transition period. This cannot continue. The big danger is if the results of this failure are total poverty for more and more nations and total war. Or, hopefully, we can wise up and say that these policies have failed.
The American people should lead the charge on this. The policies are lousy, and yet government is always adding more and more of the same. The worse the economy gets, the more we’re starting to hear about socialism and authoritarianism as the cures.
So we live in an age in which the policies of the past are coming to an end. The Keynesian model does not work, and our Empire does not work. This total failure has to change, and we need to present the alternative.
For me, the alternative is free markets, free society, civil liberties, and a foreign policy where we mind our own business. The alternative is peace and prosperity. We were told about these things in our early years, but it seems they’ve been forgotten. We’d be much better off in this country with such a policy and we could set a standard for the rest of the world.