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Blog

Ron Paul on Reinflating the Bubble

03/12/2009

Ron Paul explains to Congress that we can't re-inflate the housing bubble.

Ron Paul, speaking on Feb. 25 to the House, explained that government cannot re-inflate the housing bubble. Government interference in the housing and loan market for nearly the last hundred years caused the bubble. The president and Congress should step out of the way and let the prices of housing fall to their market levels rather than attempting to hold them up as they have over the last several months.

Roger Garrison at Auburn University has an exellent power point presentation that he posted years ago on his website that explains the Austrian theory of the business cycle that Ron Paul sometimes uses to back his policy choices. The presentation explains the role of the Federal Reserve and its interference with interest rates to drive boom-bust cycles in economies.

Ron Paul recently introduced a bill to audit the Fed to Congress.

Tags bailout, Stimulus, federal reserve, fed

Blog

FreedomWorks’ Bill of the Month for March 2021: A Resolution on Unspent COVID Stimulus Funds, S.Res. 88 and H.Res. 127

BY Luke Hogg

FreedomWorks is proud to announce that our bill of the month for March 2021 is a resolution on unspent COVID-19 stimulus funds, S.Res. 88 and H.Res. 127. Introduced by Sen. Rick Scott (R-Fla.) and Rep. Jason Smith (R-Mo.) respectively, this resolution would require President Biden to submit a report to Congress on the amount of COVID-19 stimulus funding previously appropriated and currently unspent within 14 days of enactment.

03/24/2021

Blog

Support the Federal Reserve Transparency Act, S. 573

BY Adam Brandon

On behalf of FreedomWorks’ activist community, I urge you to contact your senators and urge them to cosponsor the Federal Reserve Transparency Act, S. 573. Introduced by Sen. Rand Paul (R-Ky.), the Federal Reserve Transparency Act would require a full audit of the Federal Reserve by the Government Accountability Office.

03/04/2021

Blog

Support the Federal Reserve Transparency Act, H.R. 24

BY Adam Brandon

On behalf of FreedomWorks’ activist community, I urge you to contact your representative and urge them to cosponsor the Federal Reserve Transparency Act, H.R. 24, if he or she hasn’t already done so. Introduced by Rep. Thomas Massie (R-Ky.), the Federal Reserve Transparency Act would require a full audit of the Federal Reserve by the Government Accountability Office.

01/25/2021

Key Vote

Key Vote NO on the Caring for Americans with Supplemental Help (CASH) Act, H.R. 9051

BY Adam Brandon

On behalf of FreedomWorks’ activist community, I urge you to contact your senators and ask them to vote NO on the Caring for Americans with Supplemental Help (CASH) Act, H.R. 9051. The CASH Act would amend the Internal Revenue Code of 1986 to increase the direct payments included in the COVID-19 relief provisions of the recently passed Consolidated Appropriations Act from $600 to $2,000.

12/29/2020

Key Vote

Key Vote YES on the Nomination of Judy Shelton to the Federal Reserve Board of Governors

BY Adam Brandon

On behalf of FreedomWorks’ activist community, I urge you to contact your senators and ask them to vote YES on the nomination of Judy Shelton to join the Board of Governors of the Federal Reserve.

11/16/2020

Key Vote

Key Vote NO on the Heroes Act 2.0, H.Amdt. to S.Amdt. to H.R. 925

BY Adam Brandon

On behalf of our activist community, I urge you to contact your representative and ask him or her to vote NO on House Democrats’ new Heroes Act 2.0, the H.Amdt. to the S.Amdt. to H.R. 925. The vote on the Heroes Act 2.0 comes at a time when House Speaker Nancy Pelosi (D-Calif.) and Senate Minority Leader Chuck Schumer (D-N.Y.) have refused to negotiate in good-faith with the White House on another COVID-19 relief package. Although Pelosi and Schumer have lowered their top-line price tag for another COVID-19 relief package to $2.2 trillion from $3.5 trillion, the $2.2 trillion demand is still nearly $1 trillion higher than what President Trump will sign.

09/30/2020

Issue Analysis

Issue Brief: The Genius of Stable Money

BY John Tamny

"...the ultimate issue that any smart politician would choose to lead and speak on is ensuring that these dollars hold their value over time. Reestablishing policies that will stabilize our currency and promote prosperity in every corner of America is the surefire way to achieve such an end. This is called 'sound money.'"

09/15/2020

Publication

Eight Reasons to Oppose the Pelosi Blue State Bailout

BY Peter Vicenzi

The Save Our Country (SOC) coalition, a product of FreedomWorks Foundation, today announces the publication of its new report, Eight Reasons to Oppose the Pelosi Blue State Bailout, which outlines the reasons why a blue state bailout in a Phase IV COVID-19 relief package would be improper and unwise.

09/14/2020

Press Release

FreedomWorks Statement in Response to August 2020 Jobs Numbers

BY Peter Vicenzi

WASHINGTON, D.C. -- In response to the report this morning from the Bureau of Labor Statistics that shows that U.S. unemployment fell to 8.4 percent during the month of August, 2020, Steve Moore, Chairman of the FreedomWorks Task Force on Economic Revival, commented:

09/04/2020

Blog

Support the Federal Reserve Sunshine Act, H.R. 8007

BY Adam Brandon

On behalf of FreedomWorks’ activist community, I urge you to contact your representative and ask him or her to cosponsor the Federal Reserve Sunshine Act, H.R. 8007, introduced by Reps. Mark Green (R-T.N.) and Tulsi Gabbard (D-Hawaii). This bill would simply eliminate the provision of the recently-passed Coronavirus Aid, Relief, and Economic Security (CARES) Act that allows the Federal Reserve to hold closed-door meetings about its newly-created $450 billion bailout fund, which is more vital now than ever as we continue to observe the alarming lack of transparency that has come along with the Federal Reserve’s new authorities.

08/12/2020