In the post-meltdown world, it is irresponsible, ineffective, and ultimately useless to have a serious economic debate without considering and challenging the role of the Federal Reserve.
Most people think of the Fed as an indispensable institution without which the country's economy could not properly function. But in End the Fed, Ron Paul draws on American history, economics, and fascinating stories from his own long political life to argue that the Fed is both corrupt and unconstitutional. It is inflating currency today at nearly a Weimar or Zimbabwe level, a practice that threatens to put us into an inflationary depression where $100 bills are worthless. What most people don't realize is that the Fed created by the Morgans and Rockefellers at a private club off the coast of Georgia is actually working against their own personal interests. Congressman Paul's urgent appeal to all citizens and officials tells us where we went wrong and what we need to do fix America's economic policy for future generations.
|Publisher:||Grand Central Publishing|
|Product dimensions:||5.20(w) x 7.90(h) x 0.70(d)|
About the Author
Ron Paul, an eleven-term congressman from Texas, is the leading advocate of freedom in our nation's capital. He has devoted his political career to the defense of individual liberty, sound money, and a non-interventionist foreign policy. Judge Andrew Napolitano calls him "the Thomas Jefferson of our day."
After serving as a flight surgeon in the U.S. Air Force in the 1960s, Dr. Paul moved to Texas to begin a civilian medical practice, delivering over four thousand babies in his career as an obstetrician. He served in Congress from 1976 to 1984, and again from 1996 to the present. He and Carol Paul, his wife of fifty-one years, have five children, eighteen grandchildren, and one great-grandchild.
Ron Paul, the New York Post once wrote, is a politician who "cannot be bought by special interests."
"There are few people in public life who, through thick and thin, rain or shine, stick to their principles," added a congressional colleague. "Ron Paul is one of those few."
Table of Contents
1 Why You Should Care 1
2 The Origin and Nature of the Fed 12
3 My Intellectual Influences 32
4 Central Banks and War 63
5 The Gold Commission 71
6 Conversations with Greenspan 80
7 Conversations with Bernanke 95
8 Congress's Interest in Monetary Policy 114
9 The Current Mess 123
10 Why End the Fed? 141
11 The Philosophical Case 149
12 The Constitutional Case 164
13 The Economic Case 179
14 The Libertarian Case 192
15 The Way Out 200
Suggested Reading 211