Ron Paul Responds to Forbes Offer

• Trailwatch on Forbes offered each of the remaining Presidential candidates an opportunity to address voters directly by writing a 500 to 1500 word essay that would be published unedited.
• Ron Paul was the only candidate to respond.
• The following are excerpts from his essay:
  
  "The national debt now stands in excess of $9 trillion, more than $30,000 per person. The total future debt obligations of the United States, including entitlements, are estimated at around $59 trillion, which equates to over $500,000 per household. Social Security and Medicare will likely consume the entire federal budget by 2040, threatening the average American with an impossible tax burden. "
  
  "This is the first time in over 100 years that monetary policy is being discussed in earnest during a presidential campaign. Money is the lifeblood of any economy, and control over a nation's currency means control over its economic well-being. Fed bankers quite literally determine the value of our money by controlling the supply of dollars and establishing interest rates. Their actions can make you richer or poorer overnight, in terms of the value of your savings and the buying power of your paycheck. For over 30 years, I have been urging all Americans to educate themselves about monetary policy in order to better understand how a small group of unelected individuals at the Fed and the Treasury Department wield tremendous power over our lives."
  
  To view the full essay click here.
  
  Related Post:
  
  http://www.forbes.com/2008/03/04/election-economy-paul-oped-cx_rp_0304ronpaul.html