I would like to believe that if we had a freer society, it would take care of blacks and whites and everybody equally because we're all individuals. … - Ron Paul

John Stossel: Your party created a prescription drug program, you voted against it. Don't elderly people need these drugs?
Ron Paul: Yeah, that's why I voted against it, because these government programs failed to work. A lot of elderly were, and still are furious over that program, because it's so complex and difficult.
John Stossel: But a lot of people like it, hey, I'm getting my drugs paid for, they're free.
Ron Paul: You know who else likes it? The drug companies. They spent quite a few millions of dollars, they did the highest lobbying, the profiteers were the ones who really pushed that program. But the assumption shouldn't be made that if you didn't have it, people wouldn't get their drugs. The market is designed to lower prices, not raise prices.

Question: ...you believe the Fed shouldn't exist... make the case.
Ron Paul: First reason is, it's not authorized in the Constitution, it's an illegal institution. The second reason, it's an immoral institution, because we have delivered to a secretive body the privilege of creating money out of thin air; if you or I did it, we'd be called counterfeiters, so why have we legalized counterfeiting? But the economic reasons are overwhelming: the Federal Reserve is the creature that destroys value. This station talks about free market capitalism, and you can't have free market capitalism if you have a secret bank creating money and credit out of thin air. They become the central planners, they decide what interest rates should be, what the supply of money should be...
Question: How does the gold standard solves that?
Ron Paul: It maintains a stable currency and a stable value. If the Fed concentrated more on stable money rather than stable prices... They push up new money in stocks and in commodities and in houses, and then they have to come in to rescue the situation. They create the bubbles, then they come in and rescue it, and they do nothing more than try to do price fixing. Capitalism depends, and capital comes from savings, but there's no savings in this country, so this is all artificial. It creates the misdirection and the malinvestment and all the excessive debt, and it always has to have a correction. Since the Fed has been in existence, the dollar has lost about 97% of its value. You're supposed to encourage savings, but if something loses its value, why save dollars? There's no encouragement whatsoever. [...] Gold is 6000 years old, and it still maintains its purchasing power. Oil prices really are very stable in terms of Gold. [...] Both conservatives and liberals want to enhance big government, and this is a seductive way to tax the middle class.

If we can't or won't define the enemy, the cost to fight such a war will be endless. How many American troops are we prepared to lose? How much money are we prepared to spend? How many innocent civilians, in our nation and others, are we willing to see killed? How many American civilians will we jeopardize? How much of our civil liberties are we prepared to give up? How much prosperity will we sacrifice? [...] I support President Bush and voted for the authority and the money to carry out his responsibility to defend this country, but the degree of death and destruction and chances of escalation must be carefully taken into consideration.