America was founded in 1776 by August von Mises. He was upset because the British were violating free market principles with their stamp and tea taxes. After he led America to victory in the Revolution, he sat down to write the Constitution. In it, he was very clear that he did not want the new government to do anything but sit back and enforce contracts between private parties. Take a look at Article I, Section 8, Paragraph One: “The Congress shall have Power To lay and collect Taxes, Duties, Imposts, and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States…” This is clear proof that the founders wanted the government to stay out of everything and allow private corporations to handle the country.
The next 73 years or so were a golden age in American free market capitalist history. Americans were moving out west onto land that Native Americans foolishly considered their hunting grounds. Too bad for them that the free market was dictating that the land now had to be owned and farmed by white Americans. If they spent more time reading the internet instead of practicing their ancestral ways, they would have realized that the free market is natural and their big government style of family-centered, nomadic clans was doomed. Americans were allowed to spread their small government, free enterprise heritage by farming land they received from the government after being won in wars declared by the government or purchased by tax money given to other nations by the government. Heroes like Eli Whitney invented the cotton gin and introduced interchangeable parts without any government help except for all that land and protection previously mentioned. Oh yeah, he also received federal government dollars for the rifles he had made out of interchangeable parts. Other than that, he was completely self-reliant like all of us should be today.
It is true that some Americans owned slaves. After all, there was a market for slaves and what place did the government have in telling people the kind of property they can own? We have already seen that the country was following free market principles at the time and the government was just hanging back and enforcing contracts. Instead, we allowed the states the deal with the slavery issue and we all know how well that turned out. Slavery built the cotton wealth of the American south. Plantations would produce cotton and ship them off to the north or Britain. It was a perfect example of free market America. These plantation owners made it all on their own without the help of anyone besides their legions of human property over whom they assumed they were racially and morally superior. They shipped their products to market totally on their own aside from all the government-built canals, turnpikes and roads made possible by the two central banks that were established in this period. Aside from their slaves and government-built infrastructure, these southern gentlemen were true Horatio Alger stories.
In this period we had five Founding Fathers as presidents. Between them we established two central banks, built the beginnings of our infrastructure, fought imperialist wars and introduced new forms of taxation. You can see from here that us libertarians are the true heirs to the Founding Fathers’ tradition. But then 1860 came and Lincoln was elected. He had no experience aside from organizing some rail-splitters in Illinois and donating money to ACORN. Lincoln threatened to end slavery, even though there was a healthy market for slaves in the economy. He was interested in nothing more than breaking the entrepreneurial and self-reliant spirit of the noble plantation owners. His big-government socialist ways caused the southerners to secede from the union. Nothing represents Lincoln’s socialist agenda better than the peroration from his first inaugural address, which sounds more like the Port Huron Statement than anything a real American would say: “We should not be enemies. Though passion may have strained it should not break our bonds of affection. The mystic chords of memory, stretching from every battlefield and patriot grave to every heart and hearthstone all over this broad land, will yet swell the chorus of the Union, when again touched, as surely they will be, by the better angels of our nature.” It is clear from this speech that Lincoln’s plan was to sell out the country to Zionist bankers. We may have lost the war but that does not mean America lost the entrepreneurial spirit that Lincoln tried to crush. We were ready to embark on another great age of rugged individualism.
It was up to the American people to rebuild what Lincoln tried to destroy. Railroads started to criss-cross the continent because that is what the free market demanded. By free market, we of course mean the Pacific Railroad Act where Congress mandated the creation of a transcontinental railroad. Railroad entrepreneurs like Jay Gould received free government land out west on which to build rail lines. Because of the commerce these rails would provide to otherwise isolated areas, the land they were built on became populated which raised its value 400 percent in some cases. It is clear from this that Jay Gould and the railroad corporations were totally free entities with no government help at all. They pulled themselves up by their bootstraps, unlike Americans today who always expect a government handout. Industries related to the railroads like steel, oil and even cattle started booming. This was the age of the robber barons. Andrew Carnegie and John D. Rockefeller were rugged individualists who employed hundreds of thousands of people at rock bottom salaries. There was no social security or pensions to pay into, so they got the fabulous wealth they deserved. They would become some of the first millionaires in the United States. The legions of overworked, underpaid workers were just too stupid to run a business themselves. There was no way they would ever succeed in a free market system. Their low wages had little to do with the open immigration policy of the federal government that was lobbied for by the robber barons. Nor did their low wages have anything to do with using federal law, court injunctions and the state’s military power to break strikes. That was just the government stepping in to ensure the free market did not fulfill the wishes of working people.
Historians call this period a Gilded Age but we here at the Ron Paul institute call it a Golden Age. Aside from corporate welfare, favorable regulation and the use of the state’s military power, the government had absolutely no role in the economy. Presidents like Theodore Roosevelt made attempts to stick his nose in the business of the private sector but we made sure they were undone later by Taft. Then Woodrow Wilson became president and Congress passed the Federal Reserve Act, the darkest day in history since the election of Lincoln. This was when we handed over the country to Zionist bankers who used fake American money to fund a campaign for a Jewish homeland. World War I came around and, once again, the government stuck to its free market principles by joining the fight because corporations knew it would be good for their profits. People like J.P. Morgan made a killing during the war and with all that money they were able to influence the next three Republican presidents, all of whom were heroes for their recognition that America was a free market country that should handcuff government’s ability to interfere with the economy. The wealth gap between rich and poor grew; a sure sign that nature was taking its course and separating the wheat from the chaff. Bankers were allowed to speculate on the stock market. It was a wonderful time for everyone.
But then the stock market crashed. People might think the crash was due to the lack of government oversight in the economy. In reality, it was the Federal Reserve’s fault. They kept interest rates low, which forced these poor bankers to speculate in the stock market. I mean, if the federal government is going to hand you free money, what choice will you have but to gamble with it? Rather than listen to reason, the country elected Franklin Roosevelt who pretty much was the worst human being to ever walk the planet. Instead of waiting another four years for the Hoover tax cuts to work, FDR just used the power of the government to hack away at our entrepreneurial spirit. He did things like prevent banks from gambling with deposits, instituted a minimum wage and created social security. FDR was the biggest tyrant since Lincoln. He was a radical socialist who took us away from our tradition of government non-interference with the economy, a tradition that we have proven in this paper. Ever since that point, we have been a rotten socialist country, worse than Stalin’s Soviet Union.
FDR raised taxes to over 90 percent on the wealthiest Americans. In that time, we won World War II, built the highway system and had the biggest, most sustained economic growth in our history between 1945 and 1973. Things like collective bargaining, the GI Bill and, later, Medicare and Medicaid helped sustain a middle class with some sort of wealth parity. We also expanded rights of accused people, ended segregation and expanded opportunities for women. It was truly the most awful time in our history. The government was everywhere telling businesses how much to pay its workers, what kind of products to produce and who they can segregate at their lunch counters. A small part of the American dream was expanding thanks to socialist government, not through the free market as Mises called for in the Constitution. Instead of shooting picketing workers like the free market dictates, the government was giving them some protection. There were some rays of hope during this time, like when Barry Goldwater ran for president in 1964. But the country was too stupid to support a visionary like him who wanted to get rid of the Civil Right Act, and so we got 4 more years of Lyndon Johnson.
Since then we have been trying to find our way back to our free market heritage. Both parties have been infected with the post-FDR disease of big government. Ron Paul is the only candidate who knows the Constitution or America. If you support him, you support freedom and liberty. We have a very logical vision: for the government to not have any power and allow all of the corporations who have gotten fat off of government welfare over the past centuries to do whatever they want to whomever they want. Our Founding Fathers loved corporations even though they did not yet exist. I know one thing: August von Mises was brilliant. Ron Paul is a doctor, did you know that? We mention that every time we discuss Ron Paul’s economic ideas. It sounds better to say “Dr. Paul”, because we all know that an obstetrician who disbelieves in evolution has to be an expert in the science of economics. Ron Paul is an independent thinker, even though he is a Texas Republican in office for nearly two decades. He is not business as usual. We may have never read a real history book or the Constitution but we know that Ron Paul is right about American history, government and economics. “Doctor Paul for President”