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Product Description
Review
"Everyone must read this book--Congressmen and college students, Democrats and Republicans--all Americans."
--Vince Vaughn
--Vince Vaughn
Book Description
Ron Paul - Congressman, Presidential candidate and No. 1 bestselling author - returns with a provocative and controversial treatise that argues we cannot actually fix the broken economy without discussing the 800-lb gorilla in the room: the Federal Reserve.
--This text refers to the
Paperback
edition.
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Most Helpful Customer Reviews
12 of 12 people found the following review helpful
Format:Hardcover
Being not technically minded I found the book easy to follow. End the Fed is written by probably one of the most noblest politician in the world, Ron Paul. His views are that the US government is far too large and controlling and grows bigger each year at an alarming rate, which is not affordable to the American people. Which has resulted in the current financial predicament, which the Fed has played a huge part in helping it taking place, for their own political and financial gain , as opposed to preventing it!! The Fed as it stands can not be audited, Ron Paul through this books and his forthright actions in congress hopes to pass a bill to audit the FED and ultimately shut it down. Remember every time a government prints money it effective reduces the values of its currency and therefore steals money from all of us.
It seems likely that most countries banking systems are run on a similar way. It should be remembered that the Fed is a privately owned bank!!
It seems likely that most countries banking systems are run on a similar way. It should be remembered that the Fed is a privately owned bank!!
11 of 11 people found the following review helpful
Format:Hardcover
It is my greatest regret that there is no obvious Ron Paul type figure on the British political scene. Dr Paul is a genuine and sincere man, who unlike almost all other politicos, seems to actually care more for his country and its people than for his own enrichment.
`End the Fed' explains how the bank was created and the fundamental problems with fiat money and the obvious inflation that is created. It's an easy and frankly astounding read and if you don't fully understand what money is and how it is created you owe it to yourself to read this book. There are few things more important, especially in an era when our own government has created £200B out of thin air.
For a fictional account of this theory of economics and politics, you may want to try thisSingle Acts of Tyranny
`End the Fed' explains how the bank was created and the fundamental problems with fiat money and the obvious inflation that is created. It's an easy and frankly astounding read and if you don't fully understand what money is and how it is created you owe it to yourself to read this book. There are few things more important, especially in an era when our own government has created £200B out of thin air.
For a fictional account of this theory of economics and politics, you may want to try thisSingle Acts of Tyranny
25 of 28 people found the following review helpful
Format:Hardcover
A year ago I would not have conceived spending my time reading books on monetary policy or the economy. Like most people I regarded these subjects of interest only for nerds or sad people. However I was astounded by the recent financial meltdown and the fact that neither the politicians nor the economists appeared to see the disaster looming.
I decided to look more closely at the matter primarily to secure my own financial status as it was clear the so called experts hadn't a clue. Any research on economics will quickly lead to the Austrian School of economists. They oppose "big" government and the controls over our lives that such government imposes. They convincingly show that all intrusion into our lives or the economy by the government or its agents has an adverse and damaging effect. To that extent the Austrian school are beyond the usual "left" or "right" labels. They believe in the freedom of the individual and the protection of his property.
Ron Paul might be described as the political wing of such a Libertarian philosophy. He shares with the Austrian School writers (Mises, Rothbard, Hayek Hazlitt and others) a great clarity of thought and a clear and succinct style. Indeed it is very stimulating to have the financial matters often regarded as arcane and mysterious rendered into such plain concepts. He says himself that sound economic principles can be explained easily to any 12 year old. It is only the obfuscation and corruption of these principles by self interested politicians and businessmen that lead to financial crises.
Government, says the Austrian school, is always potentially inflationary. It may start with good intentions but soon invariably wants more power. Power is best expressed through control over the economy. This control can easily be abused and a favourite method in the US (although central banks everywhere have the same power to a greater or lesser degree) is the exercise of the Fed's ability to "print" money and thereby boost the economy. This ability was facilitated by the dollar not remaining "pegged" to the gold standard or any other commodity or stable measure of value. This action is very inflationary although steps to reverse the more extreme consequences can lead to deflation and depression.
Historically the Fed is identified by Mr Paul as one of the worst abusers of "sound" money and therefore is responsible for the worst financial consequences. The Fed discourages savings and encourages excessive borrowing through manipulation of interest rates and freely prints money for people to spend with no care for the day of reckoning. The Fed most recently persuaded Congress to create the TARP fund with liabilities of up to $9 trillion in order to rescue the US economy from the financial mess which the Fed itself had created by its financial trickery. The Fed is not subject to convincing audit and therefore cannot meaningfully be held accountable to Congress. These warnings of abuse of power by central banks with the government's collusion are universally relevant. It is time for the public to see that those in charge of our economies are in Emperor's clothes and that their power should be removed and the abuses corrected. Mr Paul's book shows the way. I recommend it very strongly.
I decided to look more closely at the matter primarily to secure my own financial status as it was clear the so called experts hadn't a clue. Any research on economics will quickly lead to the Austrian School of economists. They oppose "big" government and the controls over our lives that such government imposes. They convincingly show that all intrusion into our lives or the economy by the government or its agents has an adverse and damaging effect. To that extent the Austrian school are beyond the usual "left" or "right" labels. They believe in the freedom of the individual and the protection of his property.
Ron Paul might be described as the political wing of such a Libertarian philosophy. He shares with the Austrian School writers (Mises, Rothbard, Hayek Hazlitt and others) a great clarity of thought and a clear and succinct style. Indeed it is very stimulating to have the financial matters often regarded as arcane and mysterious rendered into such plain concepts. He says himself that sound economic principles can be explained easily to any 12 year old. It is only the obfuscation and corruption of these principles by self interested politicians and businessmen that lead to financial crises.
Government, says the Austrian school, is always potentially inflationary. It may start with good intentions but soon invariably wants more power. Power is best expressed through control over the economy. This control can easily be abused and a favourite method in the US (although central banks everywhere have the same power to a greater or lesser degree) is the exercise of the Fed's ability to "print" money and thereby boost the economy. This ability was facilitated by the dollar not remaining "pegged" to the gold standard or any other commodity or stable measure of value. This action is very inflationary although steps to reverse the more extreme consequences can lead to deflation and depression.
Historically the Fed is identified by Mr Paul as one of the worst abusers of "sound" money and therefore is responsible for the worst financial consequences. The Fed discourages savings and encourages excessive borrowing through manipulation of interest rates and freely prints money for people to spend with no care for the day of reckoning. The Fed most recently persuaded Congress to create the TARP fund with liabilities of up to $9 trillion in order to rescue the US economy from the financial mess which the Fed itself had created by its financial trickery. The Fed is not subject to convincing audit and therefore cannot meaningfully be held accountable to Congress. These warnings of abuse of power by central banks with the government's collusion are universally relevant. It is time for the public to see that those in charge of our economies are in Emperor's clothes and that their power should be removed and the abuses corrected. Mr Paul's book shows the way. I recommend it very strongly.
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Most Recent Customer Reviews
A brilliantly simple, clear, persuasive case against inflation
It is always a delightful surprise when a leading politician writes anything coherent, let alone well-informed and useful. Read more
Published 2 months ago by T. D. Welsh
A brilliant eye opener
As a former banker I understand how insanely big bank balance sheets have become being well accommodated by modern Central banking, especially in the Western countries. Read more
Published 2 months ago by qyunusov
Disappointing
Lack of depth and repetitive. I was buying this book because I like Ron Pauls ideas and was hoping to find more in-depth explanations of his view on monetary policy. Read more
Published 3 months ago by handwalk
Well worth reading!
Great book for everyone who wants to find out more about financial world as well as Ron Paul's history and political background. Read more
Published 7 months ago by Mario
great libertarian
I think Ron Paul will be the next president and you will know why if you read this book. Thanks for your honesty and sincerety Ron.
Published on 21 April 2010 by Brad Durden
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