false 6388946 0446549193 9780446549196 112 37 http://photo.goodreads.com/books/1255582525m/6388946.jpg http://www.goodreads.com/book/show/6388946-end-the-fed 395622 Ron Paul 1238 390 had no idea Americans couldn't own gold (except coins) from 1933 to 1975. Government isn't the answer, folks. #endthefed 0 2009-10-25T14:32:53-07:00 1495486 63 2009-10-25T14:32:53-07:00 0 2009-10-25T14:31:27-07:00 1495477 63 2009-10-25T14:31:27-07:00 didn't know Americans couldn't own gold from 1933 to 1975. Government isn't the answer. #endthefed 0 2009-10-25T14:25:41-07:00 1495455 63 2009-10-25T14:25:41-07:00 5 0 false Sat Oct 31 00:00:00 -0700 2009 Sun Oct 25 14:23:39 -0700 2009 Sat Oct 31 13:57:47 -0700 2009
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.]]>