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End the Fed

by Ron Paul · 2009

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… more

6 quotes ★ 4.06 (6,575) Nonfiction

Quotes from the Book

It is no coincidence that the century of total war coincided with the century of central banking.
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Our goals can only be achieved with a society that respects and equally protects the rights of every human being, old and young, rich and poor, regardless of gender, color, race, or creed. We must reject the initiation of violence by individuals or government as morally repugnant.
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For the same reason a disease cannot be cured by more of the germ that caused it, the inflation and debt accumulation of the Obama years will not inflate our way out of it.
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It has been said that no war has been fought without inflation. If we could ever devise a monetary system where inflation was absolutely prohibited, the chance of war breaking out would be greatly reduced. If we had to immediately pay for our foreign entanglements, people would not tolerate paying the bill with higher taxation. It's the meddling in the internal affairs of other nations that brings about the conditions that result in armed conflict. Not initially financing foreign intervention would make us much less likely to get involved in no-win, totally unnecessary wars.
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As Mises wrote in 1919, “one can say without exaggeration that inflation is an indispensable means of militarism. Without it, the repercussions of war on welfare become obvious much more quickly and penetratingly; war weariness would set in much earlier.
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Intellectually and compassionately explaining the reason freedom works is required for credibility.
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About Ron Paul

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About the book

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

Book details

First published
2009
Author
Ron Paul
Goodreads rating
4.06 (7k ratings)

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