Patriot,

Amid the commotion about the failed (but frighteningly close)
assassination attempt on candidate and former President Donald
Trump, the Republican Party's 2024 platform was passed with very
little news coverage and even less debate among the national
delegation.

But the Republican Party's new platform is remarkably different
from its platform of 2016 and 2020. The platform in general was
much shorter.

The new platform deleted language calling for an audit of the
Federal Reserve - something liberty activists fought hard to have
introduced into the platform in 2016.

As I discuss in my latest column - read it below - not only does
the platform no longer call for auditing the Federal Reserve, but
it makes a preposterous assertion that it will increase military
spending while somehow reducing inflation.

While the platform does call for a prohibition on a Central Bank
Digital Currency, removing our "Audit the Fed" legislation is a
regrettable step backwards from sound fiscal policy.

All the more reason we must continue to speak out and to mobilize
and demand our lawmakers send legislation to Audit the Fed to the
president's desk.

If you support C4L's continued efforts to audit (and end) the
Fed, please support C4L with a contribution.
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And even if you have done so in the past, send your
representative and senators another note to Audit the Fed.
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For Liberty,

Ron Paul

Republican Platform Ignores Real Causes of Inflation

The 2024 Republican platform promises that, if Donald Trump
returns to the White House and Republicans gain complete control
of Congress, they will reduce inflation. The platform contains
some proposals, such as reducing regulations and extending the
2017 tax reductions, that may help lower prices in some sectors
and spur economic growth. However, the GOP platform does not
address how the Federal Reserve's enabling of spendaholic
politicians contributes to price inflation.

Other than an obligatory promise to cut "wasteful" spending, and
a pledge to eliminate the Department of Education, the Republican
platform is largely silent on proposals to reduce federal
spending.

The GOP's apparent desire to increase military spending is a
disappointment to those of us who hoped the increased skepticism
of foreign intervention among Republican voters would dampen
Republican enthusiasm for the military-industrial complex.

The platform also opposes any reduction in Social Security and
Medicare. So, the "fiscally responsible" Republicans want to
increase spending on one of the largest items in federal spending
("defense") while opposing cuts in two others (Social Security
and Medicare). Interest on the national debt, another of the top
spending items, will continue growing under a Republican
government. The only way Republicans may look like champions of
small government is by comparison with the Democrats.

While it is disappointing that the Republican platform rejects
fiscal responsibility, it is not surprising. President Trump
increased the national debt by between seven and eight trillion
dollars. While spending did explode with the covid lockdowns, the
debt increased by trillions between Trump's inauguration and the
covid-inspired spending spree. Spending increased during Trump's
first two years in office, when Republicans controlled Congress.
This is not the first time a Republican president has betrayed
his promise to cut spending: Both President Bushes, as well as
President Reagan, campaigned on pledges to cut spending then
increased spending and debt while in office.

Politicians could not increase the national debt unless the
Federal Reserve monetizes the debt by purchasing Treasury bonds
and increasing the money supply to keep interest rates low. The
need to monetize the debt is the main reason the central bank
must keep interest rates from rising to anywhere near market
levels. According to Manhattan Institute Senior Fellow Brian
Riedl, every one percent increase in interest rates increases
federal interest payments by 35 trillion dollars spread out over
three decades.

It is no coincidence that the rise of the debt-based economy with
ever-growing levels of consumer, business, and (especially)
government debt - along with the accelerated decline of the
dollar's purchasing power, which reduces Americans' standards of
living - all occurred after President Nixon severed the last link
between the dollar and gold. Yet, the Republican platform does
not call for Congress to pass the Audit the Fed legislation, much
less create a free market in money by legalizing competing
currencies. Of course, the platform does not endorse ending the
Fed's ability to monetize federal debt by forbidding the Fed to
purchase federal debt instruments.

It remains up to those of us who know the truth to keep spreading
the message that the real key to making America great again is to
make money real again by auditing and ending the Fed.
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The mission of Campaign for Liberty is to promote and defend the
great American principles of individual liberty, constitutional
government, sound money, free markets, and a constitutional
foreign policy, by means of education, issue advocacy, and
grassroots mobilization.

© Campaign for Liberty, 2012. Paid for by Campaign for Liberty
and not authorized by any candidate or candidate's committee.

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contributions are not tax deductible as charitable contributions
(IRC § 170) or as business deductions (IRC §
162(e)(1)).

www.CampaignForLiberty.org


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