Tax Free Tips bill outreach idea

September 28, 2007

I just hit upon a Ron Paul outreach idea that I believe would go over really, really well.

Basically, create a little handout package with information on the bill recently introduced by Ron Paul called the Tax Free Tips bill, and some info on RP; not sure exactly what to put in it, but that should be easy to figure out. It needs to be quick and easy, something you can hand out easily without too much overhead cost.

Then, you order up some $1 face value copper Ron Paul Liberty Dollars. These things are beautiful and attention getting.

Then, you go anywhere where tips are taken and you hand them the info with a $1 copper RP Liberty Dollar. This could be restaurants, salons, casinos, bars, taxi’s, whatever. Imagine what these people will think. They may only give the info alone a cursory glance, but who wouldn’t stop and admire a hefty copper coin with RP’s image on it? Not only that, but imagine how many other people might see the coin when these people get home and show others the interesting and unique tip they got that day.

And you needn’t limit it to places that you happen to be patronizing. You could hail taxi’s on the street and just say to the driver “here’s some info on Ron Paul’s Tax Free Tips bill, and his run for the presidency in 2008…and here’s a $1 tip for stopping and taking this information from me”. Who wouldn’t be happy to get a free tip?

What do you all think?? The cost would be minimal: $1 for the coin (with a little added in for shipping spread across the entire order) and another $.10 or so for the paper handouts.

Am I crazy, or does this sound like it’d be a great idea?

Now, it looks like they’re currently only taking pre-orders and the coins won’t actually ship until November, but even if that makes the bill information outdated, I think you could still do some great outreach by tipping with these coins.


The Money Has to Come From Somewhere by Ron Paul

September 25, 2007

The Money Has to Come From Somewhere

by Ron Paul

September 23, 2007

After the current turmoil in the markets, I was hoping that new Federal Reserve Chairman Ben Bernanke would see the big picture and act judiciously.  Instead he signaled, with an aggressive rate cut, that we can expect a continuation of the monetary policies that got us here to begin with. Alan Greenspan released his memoir this week explaining his policies and decisions in the wake of the irrational exuberance they fueled.  His successor should see that it is now time for a change of policy that addresses the root of our troubles. But instead of seeing an inflation problem, the Federal Reserve sees a liquidity problem, which is a little like extinguishing a forest fire with gasoline.  In the wake of the rate cut, the Dow jumped and brokers cheered.  Behind the headlines, however, the dollar quietly fell and was abandoned by more of the world in favor of more solid stores of wealth.

The Fed does not act in a vacuum.  Mr. Greenspan rightly criticizes Congress and the administration for abandoning principles of fiscal responsibility.  However, monetary policy at the Fed did nothing solve money problems, but merely delayed impending crises by creating bubbles.

In a very real sense, the Fed and the government are close to going over the spending limit of our nation’s credit card.  We rely on foreign investors to buy our debt so our government can maintain its appetite for spending.  Yet the market for US Treasury Bills is rapidly shrinking as yield declines.  Still the government will need an estimated $100 billion more for every year we “stay the course” in Iraq , not to mention what a possible conflict in Iran could cost.  

Yes, the money has to come from somewhere, but we are running out of sources to tap.

Printing more money is the Fed’s typical answer, but we are on the verge of runaway inflation.  We have printed so many dollars now that we are at parity with the Canadian dollar for the first time since 1976.   Since the Fed stopped publishing M3, which tracks the total supply of dollars in the economy, we can’t even be sure how many dollars they are creating.  Reported inflation is around 2%, but the method for calculating inflation changed in the 1980’s, largely at Mr. Greenspan’s urging.  Private economists using the original method find actual inflation to be over 10%, which matches more closely the pain consumers in the real economy feel. 

The reality is that this type of manipulation of the markets masks where resources, or money, ultimately comes from.  It comes from the taxpayer.  The government doesn’t create Gross Domestic Product, they just limit and control how it is done.  They then absorb much of the value produced in the economy through taxation and inflation, so they can squander our nation’s wealth with runaway spending.

The Fed tries to keep up with government’s spending habits, but is sending inaccurate signals to mask bad monetary policy.  Ultimately, we’ll get back on track financially only when government spending is held in check and the free market controls monetary policy, not the other way around.