The David Lin Report Can't Avoid Great Depression Says Ron Paul; How Long Will It Last?
Jun 5, 2025
In this discussion, Ron Paul, a former Congressman and host of the Liberty Report, shares his insights on the looming threat of a major economic depression driven by unsustainable government debt. He argues that tariffs act as harmful taxes on consumers, masking deeper issues in the economy. Paul delves into the role of the Federal Reserve in exacerbating financial instability through monetary inflation and the need for a shift towards sound money principles. His perspective offers a stark critique of government spending practices and advocates for individual consumer rights.
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Tariffs Harm Consumers
- Tariffs act as harmful taxes on consumers, inflating prices rather than helping the economy overall.
- Ron Paul stresses free market choice and consumer rights over protectionist tariffs.
Tariffs Distort Markets
- Protective tariffs distort markets and do not enrich a country or resolve economic problems.
- Mismanaged deficits and fiat money inflation are the true causes of economic issues, not tariffs.
Limit Executive Power
- Avoid relying on executive orders to manage the economy or military spending; such power often leads to overreach.
- Congress should control spending and war declarations, not just the president.