Summary: “End the Fed” by Ron Paul

Описание: Summary of "End the Fed"
by Ron Paul

• The U.S. Federal Reserve can create unlimited sums of money, which amounts to legalized counterfeiting.
• The Fed manipulates interest rates, bails out failing banks and gives the government carte blanche to spend on wars, stimulus packages and entitlements.
• Many of the Founding Fathers believed letting the government issue paper money would lead to tyranny.
• The U.S. enters into wars and foreign affairs without having to tax or save.
• Banks engage in risky business because they face no “moral hazard” as a result of their activities.
• Politicians promise entitlements because they don’t worry about how to pay for them.
• Creating and spending money that is not derived from productivity and trade is an immoral policy.
• The more government acts as a safety net, the less freedom Americans enjoy.
• Currency that is not backed by gold or silver is unconstitutional.
• The U.S. money and credit markets practice socialism.

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