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    End the Fed

    End the Fed

    4.3 96

    by Ron Paul


    eBook

    $9.99
    $9.99

    Customer Reviews

      ISBN-13: 9780446568180
    • Publisher: Grand Central Publishing
    • Publication date: 09/16/2009
    • Sold by: Hachette Digital, Inc.
    • Format: eBook
    • Sales rank: 160,839
    • File size: 545 KB

    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."

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    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

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    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.

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    Former Republican presidential candidate Ron Paul (The Revolution: A Manifesto) isn't going to take it anymore. This irrepressible Texas congressman is tired of the Federal Reserve; so tired that he wants the central banking system of the United States dissolved pronto. According to Representative Paul, the Fed is corrupt, inefficient, and unconstitutional. In this high-spirited book, he shares the reasons why.
    Publishers Weekly
    At first glance, abolishing the Federal Reserve and returning to the gold standard seems a quaintly eccentric idea, but Texas congressman Paul presents a plan to eliminate our country's central bank, and return to a private banking system, that's both serious and plausible. The questionable aspects involve Paul's predicted results: not only will ending the Fed eliminate inflation (the government cannot print more money than it has gold reserves), but also business booms and busts, wars, income inequality, trade imbalances and the growth of government. Further, and perhaps most important, it would "disempower the secretive cartel of powerful money managers who exercise disproportionate influence over the conduct of public policy." Paul tends to gloss over those periods in history, including the Panic of 1907, in which private banking and the gold standard were law: "the bad reputation of nineteenth century American banking... is largely the result of... propaganda agitating for the creation of the Fed." With respect to "secretive cartels," Paul takes up the interesting question of whether J.P. Morgan is in fact preferable to Ben Bernanke. An engaging response to big-government solutions for the financial crisis, this knowledgeable and opinionated look at U.S. economics, from a firebrand public servant, should provoke much thought.
    Copyright © Reed Business Information, a division of Reed Elsevier Inc. All rights reserved.
    From the Publisher
    "Rarely has a single book not only challenged, but decisively changed my mind. "
    —Arlo Guthrie"

    Everyone must read this book—Congressmen and college students, Democrats and Republicans—all Americans."
    —Vince Vaughn

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