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Rand Paul: More inflation on the way

Former Rep. Ron Paul (R-TX) discusses how inflation will be impacted by Donald Trump's economic policy.

Ron Paul Questions if Trump Will ‘Drain the Swamp’

By Election FOXBusiness

President-elect Donald Trump’s Election Day victory was advanced by his plan for tax cuts, his foreign policy outline and his calls to “drain the swamp.”  Former Rep. Ron Paul, (R-Texas), weighed in on whether he is happy with the election results and Trump’s presidential agenda.

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“I’ll believe it when I see it. And I think there’s going to be some things improved, but we still have a long way to go,” Paul told the FOX Business Network’s Stuart Varney.

Paul is concerned that Trump’s policies would add to the U.S. debt.

“I think Republicans have a pretty good record of not being bashful with spending money, especially if they have the House and the Senate and the presidency. And we know that Trump has not been bashful about spending money, so we’ll see.”

Paul believes Trump’s victory was inspired in part by the fact that Americans felt they were not being heard when they warned of the impact of the inflationary economic environment on their wallets.

“I think one of the reasons that Trump did so well is that people are suffering, they don’t have good jobs, but the cost of living is going up and nobody will listen to them. Nobody will believe it and they say, ‘oh, there is no inflation so you don’t get a cost of living increase.’  So, I think that is the problem.”

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When asked if he voted for Libertarian candidate Gary Johnson, Paul responded, “No, I did not vote for him,” Paul continued, “But I did not vote for Donald Trump either.”

When asked if he put his own name down as a write-in candidate, Paul responded, “ Maybe the last name was right.”

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