About this title: During the 2008 presidential campaign over 4,000 students gathered at the University of Michigan to hear Republican Party candidate Ron Paul speak. As he began to address the topics of monetary policy and the coming depression, a chant came from the crowd, 'End the Fed! End the Fed!' As dollar bills were set on fire, it became clearer than ever that the real problem, one that nobody in the media was talking about, was the central bank - an unconstitutional entity and a political, economic, and moral disaster. Most people think of the Federal Reserve as an institution that has always been ...
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Binding: Hardcover
Publisher: Grand Central Publishing
Date Published: 2009
ISBN-13:9780446549196ISBN:0446549193
Description: Good. Cover and pages may have some wear or writing. Binding is tight. We ship daily Monday-Friday. Delivery Confirmation included on all domestic orders. read more
Binding: Hardcover
Publisher: Grand Central Publishing
Date Published: 2009
ISBN-13:9780446549196ISBN:0446549193
Description: New in new dust jacket. Sewn binding. Cloth over boards. 224 p. Audience: General/trade. Brand New Hardcover w/ Dust Sleeve-Just Arrived from Publisher-Ships w/ Tracking # read more
Description: New. AUDIOBOOK. NOT A BOOK! Please order accordingly! All Audiobooks are in the original factory sealed shrinkwrap box! Box may show signs of dents, etc. All CD's Are guaranteed to play! Audio CD, New, 2009, read more
Binding: Hardcover
Publisher: Grand Central Publishing
Date Published: 2009
ISBN-13:9780446549196ISBN:0446549193
Description: New. Items ship once payments have cleared. Media mail 5-8 days Priority 2-3 days and international orders may be subject to customs clearance procedures which can cause delays. Seasonal delays can occur in postal system. All items ship within 24 hours of receiving payment. read more
Binding: Hardback
Publisher: Grand Central Pub
Date Published: 2009
ISBN-13:9780446549196ISBN:0446549193
Description: New. Paul draws on American history, economics, and fascinating stories from his own long political life to argue that the Federal Reserve is both corrupt and unconstitutional. The author explains where citizens and officials have gone wrong and what is n... read more
Edition: Unabridged
Binding: Audiobook CD
Publisher: Hachette Audio
Date Published: 2009
ISBN-13:9781600248665ISBN:1600248667
Description: New. Paul draws on American history, economics, and fascinating stories from his political life to argue that the Federal Reserve is both corrupt and unconstitutional. The author explains where citizens and officials went wrong and what is needed fix Amer... read more
"This helped me understand the difference between fiat money and what Paul refers to as "sound" money. No doubt he's right that the Fed, like all powerful institutions, exists to concentrate its power further. The most interesting idea to me is that when the Fed creates money (i.e. inflates the dollar) the first receivers of the new money (banks, government agencies, corporations) can use it before it loses its value. By the time it reaches the last receivers (the average consumers) its value has been lost because the market has realized inflation has occured. Sound money in contrast requires no central bank because the money supply remains constant. (Virtually the only example of this kind of currency used consistently for the last 6,000 years is gold.)
I'm no economist, but it seems like all the money from all the economic recovery programs of the last year is still being played with by the first receivers as the Dow has surged and unemployment has climbed to 10%. If those last receivers ever see the money and unemployment goes down, the dollar will lose value, and probably quite a bit of it. People will find their paychecks don't buy very much, and their savings, as Paul would put it, have essentially been stolen by the banks, government agencies and biggest corporations.
But this information can be found elsewhere, and I wouldn't recommend reading this for a concise explanation of such things. Paul uses scare-words like communism and totalitarianism and platitudes like freedom and self-reliance to make his points. He is clearly playing to a certain demographic of which I'm not a member. I obtained this book illegally, though, so I can't complain. Libertarians only go halfway with their advocacy of "freedom." The state is only part of the system of oppression. Private wealth has been concentrated in the hands of a few since it came to exist along with the state. The two are inseparable and have become the hosts for unchecked technological progress that together threaten to do much worse than further disposses the majority. The solution has nothing to do with the movement to end the Fed."
"Ron Paul. He knows money. And Capitalism. If you do too, you'll like this book. I like that he is a "take action" kind of guy. Quick read, good info on the corrupt history of the Federal Reserve."
"Ron Paul's "End the Fed" is the clarion call for Americans to awake and realize how the federal government is destroying wealth and future prosperity through the inflationary policies of the Federal Reserve System.
Paul explains the history of America's central bank, how it was created to serve a select few in the banking sector, and how its power has constantly expanded to meddle with and manipulate the value of the dollar. Paul reveals that the Fed's monetary policy of simply printing money is an insidious tax on Americans that funds wars and bailouts and stimulus boondoggles.
Paul also bases his argument to abolish the Federal Reserve on three cases: the philosophical case (inflation is morally wrong because artificially devaluing the dollar is the same as theft), the constitutional case (the only legal tender was to be based on gold and silver - Article I, Section 10), and the economic case (central planning a la Fed leads to malinvestment, crushing consumer debt, and many other ills).
Reading this book has convinced me that ending the Fed is a no-brainer. We don't need a lender of last resort for foolish banks that deserve to go bankrupt. We don't need a central bank that prints as much money as it wants, with practically no accountability. We don't need to have our hard-earned money, and with it our purchasing power, lose value. We don't need the Fed."
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