Ron Paul: “Republican Candidates Just Represent The Status Quo”

Republican candidate for president Rep. Ron Paul (R-TX) appeared on CNBC to discuss the Federal Reserve and a worldwide quantitative easing, the 2012 field and an independent run for office.

“That doesn’t mean a whole lot. That’s what they’re in the business of doing, and that is to inflate the currency to tide people over and to provide liquidity. And providing liquidity in a situation like this just means they’re buying up bad debt that nobody else wants and they do this by creating credit. But I think it’s sort of a reflection of a panicky type of reaction to get everybody doing this. Including China. They must really be worried to get together like this,” Ron Paul said about the Fed’s decision, 9 to 1, to not change the monetary policy, which means more printing.

Opining on the Republican field, Ron Paul says they all “just represent the status quo.”

“Yeah, I think it’s because it’s more of the status quo. I think all the other Republican candidates just represent the status quo,” Paul told CNBC. “More of the same. No change in the foreign policy. No change in the federal reserve. No cut in spending. I’m the one that’s offering a trillion dollars in cuts because I believe the government is so big and so out of control that you have to have real cuts. But all this other talk about cuts, whether it’s Romney or anybody else, the cuts in proposed increases, that’s why the American people don’t believe that they have a solution.”

Follow Joe Miller at Twitter HERE and Facebook HERE.

Read more at Politico.com HERE.