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End the Fed Hardcover – Bargain Price, September 16, 2009


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Product Details

  • Hardcover: 224 pages
  • Publisher: Grand Central Publishing; 1st edition (September 16, 2009)
  • Language: English
  • ISBN-10: 0446549193
  • ASIN: B004IEA4DM
  • Product Dimensions: 8.1 x 5.3 x 0.9 inches
  • Shipping Weight: 9.6 ounces
  • Average Customer Review: 4.4 out of 5 stars  See all reviews (602 customer reviews)
  • Amazon Best Sellers Rank: #443,696 in Books (See Top 100 in Books)

Editorial Reviews

From Publishers Weekly

At first glance, abolishing the Federal Reserve and returning to the gold standard seems a quaintly eccentric idea, but Texas congressman Paul presents a plan to eliminate our country's central bank, and return to a private banking system, that's both serious and plausible. The questionable aspects involve Paul's predicted results: not only will ending the Fed eliminate inflation (the government cannot print more money than it has gold reserves), but also business booms and busts, wars, income inequality, trade imbalances and the growth of government. Further, and perhaps most important, it would "disempower the secretive cartel of powerful money managers who exercise disproportionate influence over the conduct of public policy." Paul tends to gloss over those periods in history, including the Panic of 1907, in which private banking and the gold standard were law: "the bad reputation of nineteenth century American banking... is largely the result of... propaganda agitating for the creation of the Fed." With respect to "secretive cartels," Paul takes up the interesting question of whether J.P. Morgan is in fact preferable to Ben Bernanke. An engaging response to big-government solutions for the financial crisis, this knowledgeable and opinionated look at U.S. economics, from a firebrand public servant, should provoke much thought.
Copyright © Reed Business Information, a division of Reed Elsevier Inc. All rights reserved.

Review

"Rarely has a single book not only challenged, but decisively changed my mind. "
--Arlo Guthrie

"Everyone must read this book--Congressmen and college students, Democrats and Republicans--all Americans."
--Vince Vaughn

More About the Author

Ron Paul, an eleven-term congressman from Texas, is the leading advocate of freedom in our nation's capital. He has devoted his political career to the defense of individual liberty, sound money, and a non-interventionist foreign policy. Judge Andrew Napolitano calls him "the Thomas Jefferson of our day." After serving as a flight surgeon in the U.S. Air Force in the 1960s, Dr. Paul moved to Texas to begin a civilian medical practice, delivering over four thousand babies in his career as an obstetrician. He served in Congress from 1976 to 1984, and again from 1996 to the present. He and Carol Paul, his wife of fifty-one years, have five children, eighteen grandchildren, and one great-grandchild.Ron Paul, the New York Post once wrote, is a politician who "cannot be bought by special interests." "There are few people in public life who, through thick and thin, rain or shine, stick to their principles," added a congressional colleague. "Ron Paul is one of those few."

Customer Reviews

This book will open your eyes.
Amish Doshi
Ron Paul lays out an excellent case to "End the Fed" (which is neither Federal nor a Reserve of any kind).
Drauadin
The book is not only informative but very easy to read.
Rick Blaylock

Most Helpful Customer Reviews

Format: Hardcover Verified Purchase
February 11, 2014 Update:
My in-person discussions with many people make me believe this book's title is well-known while the content is practically unknown.
This book has nothing to do with whether the Fed should ease or restrict monetary supply. At its heart the book questions our government's balance of power and holds that a group of bankers is too dominating. Meanwhile the political activities of Ron Paul and Rand Paul have often confused me and I cannot connect a lot of their positions with this book.
(end of update)
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The Fed is run by creditors. These creditors are not willing to transfer value to debtors by reducing the debt except in token ways. Instead the creditors force increases of the debt on the nation as the solution to most economic problems.

But there is a secret, however unlikely: we can in theory completely pay off the national debt by introducing U.S. Notes. Separately, the Fed could in theory be made to agree to forgiveness of the national debt that it holds.

End the Fed is the story of how the country ended up with a lot of debt not through informed choices but because of our money system.

In its first response to the global financial crisis, the Fed disbursed trillions in a secret manner. That money bought fire sale assets from individuals obliged to keep current with debt payments. That money saved Wall Street's bonus system and led to the debate over whether the Fed should tell us where the trillions went.

(Recommended reading: Declare Independence from Party Affiliation)

The Federal Reserve Act delegates money power to a private banking monopoly.
Read more ›
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574 of 677 people found the following review helpful By L. H. Rockwell, Jr. on August 30, 2009
Format: Hardcover
Andrew Jackson ended his Fed in 1836. Ron Paul can do the same for us, if we make it possible. Read this book and work to end the central economic and political evil in America, the central bank that fuels recessions and depressions, the warfare state, the redistributionist state, and the police state. End the Fed!
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183 of 219 people found the following review helpful By Bob Akimbo on August 31, 2009
Format: Hardcover Verified Purchase
Finally, a no-holds-barred, plain English explanation of the "Crime of the Century." Dr. Paul explains very clearly how the Federal Reserve has not helped our economy, but has virtually destroyed it. It's so clear, in fact, that maybe even our Congressmen and Senators will finally get it.

Economics 101: When you create more of something, the value decreases.

Economics 201: The Federal Reserve printing (Liquidity Injections) of Federal Reserve Notes (Dollars) has decreased their value.

Economics 301: The dramatic increase of Federal Reserve money printing in the last couple of decades has devalued our money and caused the current economic crisis.

Economics 401: The Fed is trying to solve the problem with more of the same thing that caused the problem.

Of course it's more complicated than this, and that's where this book is so important. Dr. Paul explains the history of the Fed, its relationship to modern wars and a myriad of other societal ills, the inevitable failure of a fiat currency and, more importantly, how we can get out of this mess.

The Federal Reserve system is nothing less than the most brilliant tool ever for the transfer of wealth and power from the average citizen to the wealthy and powerful, and we must rein it in to preserve our freedom. I know I must sound dramatic, but I can not stress enough the importance of honest, realistic, economic education. This book is a great first step. It should be required reading in all our schools.
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72 of 85 people found the following review helpful By Joseph Plummer on September 2, 2009
Format: Hardcover Verified Purchase
For the record, I'm a fan of Ron Paul and I'm NOT a fan of "The FED."

The Pros:

*A short and easy read (it's a "one-day" book.)

*Contains countless statements of pure truth. For instance, discussing the expansion of the nation's money supply, Paul writes: "Noble intentions are always used to justify the inflation, but the real reasons are far more sinister. Those who get the control over the money are beneficiaries, not the people as a whole."

* Provides a priceless "inside the government" perspective of the FED's power to guide and corrupt foreign and domestic policy.

* Destroys the main arguments "in support of" the FED.

The Cons:

* The reader's understanding of basic monetary terms is often assumed. Example: "The prohibition of paper money was for convertible certificates." (Most books that are "economic" in nature are guilty of this. That said, "END THE FED" is more accessible than most books on this topic.)

* I hoped to see more emphasis on explaining the mechanics of the system (and the common terms) so the newbie could really "get it." Dr. Paul is 100% correct when he says: "Only an understanding of how the monetary system works can correct this problem and protect the victims..."

Overall, this book provides us another excellent weapon in the battle against "The FED." Buy it, read it, and share it with others.
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94 of 114 people found the following review helpful By David Nelson on August 30, 2009
Format: Hardcover Verified Purchase
Ron Paul's "End the Fed" is equal parts an indictment of the Federal Reserve System actions in the last 96 years and a blueprint to repair the damage that the actions have caused. Unfortunately, the remedy can't be accomplished in half measures. Either the people audit the Fed and consqeuently destroy it, or future generations will be doomed to relive the central banking tactics that have proved Paul correct. We'll have just one chance to get this revolution right.
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