Friday July 17, 2015
It’s July 17th, which means that Ron Paul’s new book “Swords Into Plowshares” is finally available. And what a book it is. Only the hardest of hearts and most closed of minds could read Dr. Paul’s new book and fail to be convinced of the futility of war. But what interests us the most is Dr. Paul’s discussion of the connection between central banking and war. Almost since the first banks were developed, bankers have funded government wars in exchange for receiving privileges from government. The relationship continues today, but very few politicians ever touch on it. So what does Dr. Paul have to say about central banking and warmaking?
Dr. Paul’s book starts off with personal reminiscences of life during times of war. It includes his personal experiences during World War II, his awareness of the possibility of being drafted to fight in Korea, and his eventual drafting into the Air Force during the Vietnam War. Included among his personal recollections are his comments on rationing during World War II. As a child, that was just the system that was in place, but his future understanding of Austrian economics allowed him to look back on that period of time and realize how detrimental to an economy war could be. In particular, it allowed Dr. Paul to continuously fight against those economists who repeat the lie that government spending in World War II pulled the United States out of the Great Depression. Au contraire – the government war effort did nothing for the common man, as the rationing system merely extended the misery of the Depression.
Of real interest too is Dr. Paul’s discussion of how his views developed over time. While his personal experiences always led him to be uncomfortable with the idea of war, his nascent antiwar impulses took a long time to manifest themselves fully.