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.
Author: Ron Paul
Publisher: Hachette UK
Category: Political Science
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.
A brief history of currency and money-lending as well as an explanation of how the American banking system works, as told through an allegory set in the medieval Kingdoms of Pizza & Pasta and Beer & Strudel.
116 Pages / 220 Illustrations Why is it that so many people are in so much debt at the same time? Does it seem strange to you that no matter how hard one works, and in spite of all the advances in society, most hard working people cannot escape the treadmill of perpetual debt? Why are so many families losing their homes to foreclosure? Why are so many households dependent upon credit cards to supplement their income? Why does it take TWO working spouses to maintain a middle class lifestyle when it used to take just one? Why are so many young people still living at home with their parents? Why do prices always creep up? Why, in spite of continued economic "growth," are living standards actually falling? * You know in your gut that something isn't right in this world. But you don't have the "Economics education" to figure it out. It all seems too complicated for you to put your finger on, so you just keep slaving away to pay interest and taxes as your dollar buys less and less. Just keep working like a dog and leave the matter to the "experts" and politicians to handle. * But it's all very simple really. So, how exactly did we all become debt/tax/inflation slaves? 'BANCAROTTA!' breaks it down for you in the form of a very simple to understand allegorical short story set in the medieval Kingdoms of Pizza & Pasta and Beer & Strudel. You will truly be amazed at how quick and easy it really is to understand the world we live in today. ****** "Bravo! This entertaining and very funny illustrated allegorical tale taught me more about money, banking, politics and history than 4 years of business school and 10 years of following the business reports. A must read for everyone on this planet that lives under the criminal system of debt-based central banking." -- Patricia Harris / Fresno, California
With Inside the Fed, he offers his unique perspective on the inner workings of the Federal Reserve System during the last fifty years—writing about personalities as much as policy—based on his knowledge and observations of every Fed ...
Dr. Paul has consistently battled for all three. Economics is topic about which most politicians are abysmally ignorant. As this books shows, Ron Paul is a master of the topic and the nation's teacher on a vast range of economic issues.
Author: Ron Paul
LARGE PRINT EDITION! More at LargePrintLiberty.com When the economic history of our times is written, one man will emerge as the prophet of both the financial collapse and the disasters associated with government management: Ron Paul. He alone among the political class sounded the warnings and sees the way out.This economic manifesto (484 pages!), which is a treasure, collects his greatest speeches and debates over the last 30 years, and provides documentary evidence that he is not only a master of the topic; he has provided a coherent explanation of nearly everything the government has done wrong in this area since he first entered public office. He also provides a way out, as implied by the subtitle: free market, honest money, and private property. Dr. Paul has consistently battled for all three. Economics is topic about which most politicians are abysmally ignorant. As this books shows, Ron Paul is a master of the topic and the nation's teacher on a vast range of economic issues. He addresses monetary policy during critical times such as the late 1970s inflation mania, and was a lone voice pointing to the real cause of Federal Reserve monetary policy. Whereas most members of Congress are intimidated by Fed officials, Paul's confrontations with Greenspan are documented here word for word. In addition, he reveals the social and economic effects of loose credit, and shows the ill-effects of bailouts. He addresses high taxes, regulation, trade restrictions, and bravely denounces sanctions against foreign countries for fueling international tensions. He also explains his view of free trade, for the real thing but against misnamed treaties that embroil international traders in bureaucracy.He covers welfare, bureaucracy, war, and a a host of other economic topics in what is surely the most comprehensive, intelligent, and revealing book on economics ever written by a U.S. political figure -- all informed by the Austrian tradition of thought that has so influenced his thinking.
The Federal Reserve (“Fed”) is the central bank of the United States.
Author: Neil H. Buchanan
The Federal Reserve (“Fed”) is the central bank of the United States. Because of its power and importance in guiding the economy, the Fed's independence from direct political influence has made it a target of ideologically motivated attacks throughout its history, with an especially aggressive round of attacks coming in the wake of the 2008 financial crisis and ongoing today. We defend Fed independence. We point to the Fed's exemplary performance during and after the 2008 crisis, and we offer the example of a potential future crisis in which Congress fails to increase the debt ceiling to show how the Fed's independence makes it the only entity that can minimize the damage during crises (both market-driven and policy-induced). We further argue that the Fed's independence is justified to prevent self-dealing by politicians, even when no crisis is imminent. Although the classic justification for Fed independence focuses on the risk that political actors will keep interest rates lower than appropriate for the long-term health of the economy, we show that Fed independence addresses the risk of self-dealing and other pathologies even when, as now, political actors favor tighter monetary policy than appropriate for the long-term health of the economy.
In the end, after much bargaining, the reserves that banks had to hold on demand deposits, the checking accounts that were the core of their funds, were reduced from 16.25 to 12 percent. The Fed's reserve holdings actually shrank from ...
Author: William Greider
Publisher: Simon and Schuster
Category: Business & Economics
Reveals how the Federal Reserve under Paul Volcker engineered changes in America's economy
Despite the burst bubble , most stocks are up 75 % or more since the end of 1999 . ... He also likes banking giants Citigroup and Bank of America , whose profit margins should expand after the Fed stops raising interest rates , which is ...