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Audiobook6 hours
End The Fed
Rating: 4 out of 5 stars
4/5
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About this audiobook
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.
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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Reviews for End The Fed
Rating: 3.9368932524271845 out of 5 stars
4/5
103 ratings4 reviews
- Rating: 5 out of 5 stars5/5In "End the Fed", Ron Paul lays out the reasons that the Federal Reserve must go and a gold standard must return. Congressman Paul explains his reasons from Philosophical, Constitutional, Economical and Political standpoints citing the current mess we are in and have been in (albeit unknowingly for most Americans) since our fiat money system was instituted and we were removed from the gold standard. He argues that the Federal Reserve, namely chairman Ben Bernanke, while credited with "saving" us from an even more disastrous economy, is actually delaying the inevitable - a serious crash far worse than the Great Depression. Not only is he delaying it, but by continually printing more money into circulation, artificially adjusting interest rates creating bubbles in all markets and giving the false signal to investors and businesses to invest and spend in our broken economy, he is going to make the inevitable far worse than it could be if honesty and transparency within the market allowed change to happen now.The idea of ridding the American people of the Federal Reserve is still not a super popular one, surprisingly. Many Americans will read "End the Fed" or similar titles, or listen all day to an expert discuss the reasons for abolishing it, and still say that it should stay. Their reasons are usually inane: What would we do for currency? We can't afford a bad economy (as if we don't currently have one). You can imagine the liberal's reasoning for keeping a large, overreaching, secretive, powerful federal agency around at the expense of future generations - nothing new. I assure you, the answers to all these questions are covered in detail in "End the Fed" if one is willing to carefully read the 200 pages with an open and unbiased mind.I would strongly recommend everyone read this book. As Dr. Paul wrote, ending the "beast" is something that liberals, conservatives, libertarians, and populists can get behind, even if it's because of different motivations. Now is the time, every day the Fed operates is another nail in our coffin. Anti-Fed sentiment in this country is the absolute highest it has ever been since this central bank's conception in 1913. If we stick together and spread the word, that is the knowledge that is displayed within these pages, the Fed doesn't stand a chance.
- Rating: 5 out of 5 stars5/5This book should be required reading for all Economics classes as well as anyone wishing to run for public office. Ron Paul made a believer of me in a quick 200 pages. If everyone would read this book our future would be much brighter.
- Rating: 3 out of 5 stars3/5I found it interesting, but I disagree on a lot of Paul's proposed solutions. I agree that the Fed is poorly run and not necessary, but I disagree that fractional reserve banking or fiat currency are necessarily bad. He does a good job at diagnosing the problem (lobbyists interfering in monetary policy, secrecy and artificial cycles), but I don't think the solutions are as well thought through.
All in all, I found it to be a worthwhile read, though I admit I skimmed most of the second half of the book. - Rating: 5 out of 5 stars5/5This was the best non-theology book I read in 2009.