End the Fed

End the Fed is a 2009 book by Congressman Ron Paul of Texas. The book debuted at number six on the New York Times Best Seller list and advocates the abolition of the United States Federal Reserve Bank. Paul argues that "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." In End the Fed, Paul draws on American history, economics, and anecdotes from his own political life to argue that the Fed is both corrupt and unconstitutional. He states that it is... inflating currency today at nearly a Weimar or Zimbabwe level, which Paul asserts is a practice that threatens to put the United States into an inflationary depression where the US dollar, which is considered the main currency of the world, would suffer severe devaluation. A major theme throughout the work also revolves around the idea of inflation as a hidden tax making warfare much easier to wage and diminish the purchasing power of the masses as their income remains stagnant while prices of products and services are continually inflated.
more