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Tuesday, December 29, 2009
Review - End the Fed by Ron Paul - AUDIO
Title: End the Fed Audio CD
Author: Ron Paul
Publisher: Grand Central Publishing/Hachette Audio
Buy End the Fed Here!
Rating: NEED to Read
Reviewed by: MarthaE
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.
This is a very interesting presentation of the arguments for ending the Federal Reserve System.
An early portion of the audio book contains what sounds like a bit of a memoir of Ron Paul meeting various financial experts and political figures which I found engaging. The main direction of the book is a very thorough history of the circumstances and influences that led to the creation of the Federal Reserve and then the actual harm that has resulted from the system. There is a detailed discussion of the devaluation of the dollar without a Gold standard. The book also explains why the author believes that Ben Bernanke-sponsored bailouts aren't such a super idea. The book even addresses the immorality of the Federal Reserve System saying that it is "immoral, unconstitutional, impractical, promotes bad economics, and undermines liberty." The book may not present a complete solution to the current economic situation but it points out that ending the current Federal System is the way to begin to improve or solve the crisis.
This is a book that covers a complex and not particularly exciting subject. However, if you are at all concerned about the current economic crisis, the loss of the free market and the proliferation of a “welfare state” this is a book to listen to or read. I think it is sometimes easier to listen to a complex book like this rather than read it. However, the disadvantage of listening is that you can’t refer back unless you take notes as you listen. So if you get the audio I suggest you keep a pad handy to make notes of interest! I know that most people would not think about studying the Federal Reserve System but I think Americans should not only want to read this book but NEED to read it and pay attention!