The United States finances wars through inflation and that “most wars are fought on inflated money,” according to former US Congressman and political analyst Ron Paul.
Dr. Paul, a three-time American presidential candidate and the founder of the Ron Paul Institute for Peace and Prosperity, made the remarks in an interview on Friday while discussing US monetary policy and the need for a better system centered on sound money.
The senior American statesman said that from diluting gold in coins and clipping coins “in the old days” to using a computer to create new US dollars today, “financing war through inflation is traditional.”
“If the people had to pay for the war as we went along, it wouldn’t happen. You don’t get enough taxes, you don’t get enough borrowing to fight these wars,” he stated.
“And we have the license to steal because we issue the reserve currency of the world. And most of the countries still accept our…