3 votes

Forbes Book Review: Ron Paul's End the Fed Condenses a Lifetime of Wisdom and Experience

Ron Paul is now retired from professional politics, leaving a need for at least one Congressperson who you feel isn’t fundamentally BS-ing you. Oddly, he found a lot of political support for his unfashionably libertarian plain-speaking. People apparently found it more appealing than the usual favors-for-votes propositions upon which most politicians base their careers. In the end, he basically had to fire himself, declining another run for office at age 77.

Much of his extraordinary term in office revolved around the topic of money, which itself is remarkable. As Paul recounts in his 2009 book End the Fed:

“I have for years sensed a total disinterest in monetary policy by members of Congress as well as members of the Financial Services Committee. … What the Fed and paper money have done for Congress is lead legislators to believe that there are no limits on what they can spend, on what they can propose, and what they can accomplish. They really do behave like college students on spring break who are using their parents’ credit cards with no limit. They don’t think about the money. they don’t think about who or what is paying the bills. The ability to do what they want is just taken for granted. They aren’t even interested in looking into the accounting books. But they would hit the roof if the card were ever declined.”

MORE|SOURCE:
http://www.forbes.com/sites/nathanlewis/2014/05/15/book-revi...