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Editorial Reviews:
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.
Customer Reviews:
Great when it sticks to the topic Jul 05, 2010
Ron Paul makes a lot of sense in this book. It's clear that his conclusions concerning the financial dangers we face are well-researched. His desire to end the federal reserve system and get back on the gold standard is argued passionately and convincingly. The danger here is getting swept away by Paul's charisma, as has happened to the more cult-like of his followers. One can easily be led to suppose that Paul's eloquence and expertise on monetary issues means that he is right on everything else he says too. In particular, Paul occasionally uses this book as a platform for his anti-interventionist stance. Those of use who believe that intervention may in some cases (though certainly not all) outweigh the financial concerns of the moment may wish that Paul would more often leave out his rigid stance on war out of his discussion. But there is no question in my mind about the wisdom of Paul's greater argument.
required reading Jun 16, 2010
This book should be read by every American from age 18 - 80. Written by one of the only honest politicians in Washinton .For those that are unaware of economics and how our monetary system works, this book will certainly open your eyes as to why things are in this country and the precarious situation we find ourselves in.
I agree with his main point May 31, 2010
Most of this book was preaching to the choir, as I have for over a decade favored abolishing the Fed. I share Paul's dislike of Ben Bernanke, who is a rabid inflationist. Where I part ways with Paul is on his dogmatic anti-government views. His analysis of the economic collapse is shallow. Joseph Stiglitz, among others, have shown the CRA did not cause the housing collapse. Notwithstanding this criticism, I recommend End the Fed.
pretty compelling May 28, 2010
Ron Paul's End the Fed provides an argument to abolish the Federal Reserve.
This book was a pretty good book. Most people take the Fed for granted just listening or reading what the news media reports about the Fed. This book goes a few steps further by describing on how powerful and insidious the Fed is in affecting the American economy and how it contributed to the current economic downfall.
Among the parts I liked from the book, I liked the notion that the Fed allowed institutions to privatize the profits and socialize the loses, and that government is busy fixing the problems that they created.
This book also explains on how Ron Paul became quite knowledgeable on how the Federal Reserve operates. It's quite interesting how the conversations went between the Fed Chairman and Ron Paul during Congressional hearings.
Of the financial books that I read so far, this book is one of few books that describes quite well the ramifications of the Fed. The other book was a technical analysis book that inferred how quantitative easing by the Fed contributed to price movements in commodities and other financial instruments. In addition, this book describes quite well how the Fed operates. Many financial books describe the Fed in simple terms, but this book goes into enough detail that it makes a compelling argument against the Fed.
I would recommends this book to anyone who wants a good understanding of how the Fed operates. To those who read Paul's The Revolution, this book offers a greater explanation of the Fed than what was in The Revolution. I didn't find reading End the Fed as a waste of time after reading The Revolution.
Awesome May 25, 2010
Everybody in AMERICA and the world need to read this book. IN fact, it should be required reading in all American colleges.
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