Skip to content
Home » Tucker Carlson Show: w/ Ron Paul on Rising Debt, Endless War & Economic Collapse (Transcript)

Tucker Carlson Show: w/ Ron Paul on Rising Debt, Endless War & Economic Collapse (Transcript)

Editor’s Notes: In this episode of the Tucker Carlson Show, host Tucker Carlson sits down with former Congressman and three-time presidential candidate Ron Paul to reflect on his decades-long career as a “prophet” of American politics. Carlson opens the video by highlighting how many of Paul’s once-ridiculed warnings—ranging from the instability of fiat currency to the unintended consequences of interventionist foreign policy—have remarkably come to fruition.

The conversation delves into Paul’s unwavering commitment to the principles of liberty, non-violence, and Austrian economics, which he argues are more relevant today than ever as the U.S. faces record debt and economic uncertainty. Despite the dire state of current affairs, the 90-year-old statesman remains an optimist, sharing his belief that a new generation is waking up to the truth through homeschooling and independent media. It is a compelling retrospective on a man who has spent his life advocating for a moral framework of “no lying, stealing, cheating, or murder” in both personal and government life. (Feb 12, 2026)

TRANSCRIPT:

Judging a Man by His Enemies

TUCKER CARLSON: If you can judge a man by his enemies, former Congressman Ron Paul of Texas, the long-retired obstetrician, the 90-year-old three-time member of Congress and three-time presidential candidate, is a very, very good man because he has the best enemies.

Here, for example, is an exchange between Jeffrey Epstein and one of his friends. This takes place in early 2012 when there is conversation, as there pretty much always is in the United States for the last 30 years, about when and how we should bomb Iran.

# Ron Paul: The Prophet Washington Hated

Bomb Iran. And Epstein’s friend writes to him this during an election year, everyone in Congress is falling all over themselves to show support for Israel. Except for that dinkus, Ron Paul.

Ron Paul, yeah. Jeffrey Epstein and his friends did not like Ron Paul. But what’s not to like about Ron Paul?

Ron Paul is, and you’re going to see him speak in just a moment, probably one of the most manifestly decent men ever to serve in the Congress. Married to the same woman since 1957. Beloved by his children, grandchildren, now great-grandchildren. A man who spends his spare time riding his bicycle and tending roses. A person who has articulated the principles of nonviolence throughout his entire public career.

A guy who thinks that it is not just unfashionable but totally immoral to judge people on the basis of their blood. Who thinks racism and antisemitism are anti-Christian. The guy who’s never said a single thing against a group ever, not once. In short, a thoroughly decent man of principle.

Why does everyone hate Ron Paul?

Discovering Ron Paul in 2007

Well, there are a couple reasons. In fact, I personally discovered this way back in 2007 when I covered Ron Paul. He was running for president that year. I’d actually voted for him 19 years before, in 1988 in college for president. I knew nothing about him, but it seemed like an amusing protest vote. He was running as a libertarian then, but fast forward to 2007.

He was running in the 2008 presidential campaign and I thought, this guy looks kind of interesting. I really didn’t know much about him, so I went on the road with him for a week and I wrote a long profile for the New Republic magazine. I was working in television, but I thought it was kind of interesting to write magazine stories again. So I did.

And I learned a couple of things about Ron Paul. One, as noted, enormously nice person, gentle temperament, decent, not flashy, not greedy, not dishonest.

Two, I learned that Ron Paul is very sincere about monetary policy. Paul would give these stem-winders about fiat currency and the gold standard and why the Fed was a scam and he drew enormous crowds, at least relative to the topic.

Now, at the time, again, this was 19 years ago, no one was talking about the gold standard in public and getting anything but laughter and jeers. You were a gold bug. You were insane. You were a moron. Gold wasn’t even a topic. If you could check the transcripts from CNBC for the year 2007, gold probably not even mentioned.

It seemed crazy to care about monetary policy then, but Ron Paul did, and his audiences responded. That was the first thing I noticed. I had no idea this was a resident issue. I knew nothing about it. So I assumed since I lived in Washington and was pretty well informed, that no one else knew anything about it either. But I was wrong.

The Currency Question Nobody Was Asking

Tens of thousands, hundreds of thousands, in the end, millions of Americans were thinking about the stability and the strength of the US dollar. And they were convinced that excessive money printing since the early 1970s, when the dollar was detached from gold, which is to say from reality, when it became a purely fiat currency redeemable for nothing, they were convinced that the US dollar was weaker than their leaders said it was.

And they knew this because the price of goods they bought every week seemed to be going up over time and no one was mentioning it. Or the goods themselves were becoming smaller. There was shrinkage. This is a well-known phenomenon now. Back in 2007, people weren’t talking about it quite as much.

If you were 37 in 2007, when you were in first grade in this country, a Snickers bar cost 20 cents. By 2007, it cost nearly a dollar. And it was smaller. In that and countless other ways, it was obvious that actually this currency wasn’t worth what they told us it was. And it was becoming worth less. And only Ron Paul was talking about that.

And he was making a number of other points too. One was that the United States wasn’t actually deriving any benefit from all of these foreign wars, that it just wasn’t helping us at all. And that in the end, maybe violence isn’t the solution.

He wasn’t making hostile points.