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Ted Cruz: “When you see the currency debased, it is a cruel tax on…”

Featuring: Ted Cruz, Republican | U.S. Senate, Texas

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Ted Cruz Speaks at the American Principles Project Red, White, & Blue Gala

Published | Video Starts at 20:44

And when you see the currency debased, which by the way, politicians love, it's the best way to pay for spending money is to crank up the printing presses. When you see the currency debased, it is a cruel tax on everyone working and struggling and saving. As we've seen gold skyrocket, seen oil skyrocket, we've seen food skyrocket, we've seen the cost of living for those struggling to climb the economic ladder get higher and higher … (20:44–20:53)

CLAIM

Asserts that currency debasement acts as a tax on workers and savers.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.


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About PolitiQuote

PolitiQuote is a civic library index to statements made by politicians in publicly available video records. The index is created automatically from transcripts, with no editorial oversight or analysis. Highlighted quotes are selected by AI. Words may be added in parentheses to offer context for the quote. There may be errors in the transcription and display, so listen to the video to ensure accuracy.

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