Bloomberg "Can the Fed be fixed? Don’t bother, writes U.S. Congressman Ron Paul in “End the Fed,” a blistering libertarian broadside from a firm believer in Austrian economics."
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"Like many clever politicians, Paul has a knack for mixing sound observations with Utopian promises. Without the Fed, he says, we would enjoy “all the privileges of modern economic life without the downside of business cycles, bubbles, inflation, unsustainable trade imbalances and the explosive growth of the government that the Fed has fostered.”
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| Arlo Guthrie, Paul supporter |
Arlo Guthrie, who says the book has “decisively changed my mind.”
Hold on, though. Wasn't America’s Fed-less 19th-century history punctuated with recurring booms, busts and banking panics? Paul dismisses such talk.
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