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End the Fed Hardcover – September 16, 2009

by Ron Paul (Author)

702 customer reviews

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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.

Most people think of the Fed as an indispensable institution without which the country's economy could not properly function. But in END THE FED, Ron Paul draws on American history, economics, and fascinating stories from his own long political life to argue that the Fed is both corrupt and unconstitutional. It is inflating currency today at nearly a Weimar or Zimbabwe level, a practice that threatens to put us into an inflationary depression where $100 bills are worthless. What most people don't realize is that the Fed -- created by the Morgans and Rockefellers at a private club off the coast of Georgia -- is actually working against their own personal interests. Congressman Paul's urgent appeal to all citizens and officials tells us where we went wrong and what we need to do fix America's economic policy for future generations.

End the Fed

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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

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Product details

Hardcover: 224 pages
Publisher: Grand Central Publishing; 1st edition (September 16, 2009)
Language: English
ISBN-10: 0446549193
ISBN-13: 978-0446549196
Product Dimensions: 5.5 x 1 x 8.2 inches
Shipping Weight: 1 pounds (View shipping rates and policies)
Average Customer Review: 702 customer reviews
Amazon Best Sellers Rank: #155,650 in Books (See Top 100 in Books)
- #117 in Books > Business & Money > Economics > Money & Monetary Policy
- #169 in Books > Business & Money > Economics > Banks & Banking
- #265 in Books > Politics & Social Sciences > Politics & Government > Public Affairs & Policy > Economic Policy

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Top customer reviews

Wonderfully written, well presented, intelligently argued... brilliant read.

ByDragonBonzon April 6, 2017

Format: Kindle EditionVerified Purchase

Senator Paul shares a pointed and well documented view of the dangers of fiat economic systems based on Keynesian economic fundamentals and presents a sound argument for eliminating the dangerous, private, institution called the Federal Reserve Bank. Along with "The Creature From Jekyll Island" by G. Edward Griffin, this is a must read for anyone who wants to understand the truth about the Federal Reserve Bank, how it's in bed with our government and why, where our economy in the US is heading and what is needed to stop this freight train from rolling off the cliff. Eye opening and well written - easy to read and understand for anyone who wants to know the facts without spin and political misdirection. Straight forward, honest, scary, from the heart and written from the educated experience of a politician who knows the truth from the inside.

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Second Time Reading It

ByJennifer Chichesteron August 21, 2017

Format: HardcoverVerified Purchase

I borrowed End the Fed from someone several years ago and finally picked up my own copy because it is worth reading a second time. If you are someone who is concerned about what is going on in the U.S. government, this is the book for you. Dr. Paul shows us that we're dealing with a system that has been in place since 1913 and has been somewhat deceptive in its dealings over the years. Woven into this work are Dr. Paul's own narrative and principles that guide his views on politics and why it is imperative that we end the Federal Reserve.

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Good explanation of the current financial mess and the Federal Reserve

Bythe1911patrioton July 2, 2013

Format: HardcoverVerified Purchase

I purchased this book to get the current thoughts of
Ron Paul on the Federal Reserve. I was already an anti-Federal Reserve patriot, having read "The Creature From Jekyll Island: A Second Look at the Federal Reserve" approximately five years ago. This book is not as long or as detailed as "The Creature From Jekyll Island"; however, "End The Fed" is from a nationally know a liberty advocate and covers the recent economic mess that we are currently in (which transpired after CFJI was written in 1994). We must abolish the Fed if we are to ever be free or have sound money (specie) again! I recommend this work.

0Comment 2 people found this helpful. Was this review helpful to you?YesNo

Paul's Manifesto to End the Fed and Inflationary Govt Practices that Enrich the Rich

ByDaniel Hurleyon November 1, 2009

Format: HardcoverVerified Purchase

This is Paul's first hand, virtually biographical account, as his view and personal fight to end the Federal Reserve and certianly make it less open and secretive. Paul even uses personal testimony exchanges between himself and not only Greenspan but also Berneke, the Fed's present chairman. Citing classic Austrian economic principals, along with a history of the Federal Reserve from its planning birth in 1907 on Jeykel Island in S.C. to its certified existence in 1913, Paul provides a detailed look at how the Fed has been used to manipulate the economy and inflate the Fiat monetary system for the U.S. In particular, Paul cites the Fed's role in allowing banks to take more risk with the potentail support of tax payers money, for the long term gain of the well connected and Wall Street. Thomas Woods' "Meltdown" is a more directcriticism of the Fed, Paul's is more biographical and and passionate. If anything can start the process, having open books on the Fed would be a start and allow the Government Accounting Office to audit the reserve like any other government agency. No question that this a political rallying book but it is one that should be seriously considered, since the value of everyone's savings will be effected.

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" Only in later life did I begin to ask myself "What does a 'domestic enemy' look like? " The answer is simple - like Nelson ...

ByCamdenon April 28, 2017

Format: HardcoverVerified Purchase

Already convinced, I bought the book to see what Dr. Paul had to say about the subject. Dr. Paul hits the nail right on its head! The government established under the Constitution of 1787 will soon collapse. As a soldier, I swore to "protect and defend the Constitution against all enemies, foreign and domestic." Only in later life did I begin to ask myself "What does a 'domestic enemy' look like?" The answer is simple - like Nelson W. Aldrich (Google him)! The evil he did is well-described in another book, "The Creature from Jekyll Island," by G. Edward Griffith.

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The case against the FED

ByMiroslav Krajnakon September 10, 2013

Format: PaperbackVerified Purchase

I came across Ron Paul a few years ago when I saw him talking on TV, most likely CNN (considering he is an "Austrian," it must have been during his presidential campaign). I cannot recall exactly what was discussed, but he caught my interest.

The book is about MONEY, the forbidden issue in (American) politics and the FED, the visible hand manipulating money supply and interest rates.

The author starts, among other things, with the discussion of the origin and nature of the FED. He then shares his conversations with two Fed chairmen (Greenspan and Bernanke). At the end he proceeds to present 4 different cases for ending the Fed (moral, constitutional, economic, and libertarian).

I agree with him that the MORAL case should suffice. Nobody should have the right to redistribute the wealth by inflating the money supply. ECONOMIC argument only makes the already strong case even stronger. Loose monetary policies of the Fed coupled with various governmental policies distorting credit markets even further are responsible for malinvestments, which lead to boom-bust cycles, with the boom part being phony, artificial and the bust part being painful, real.

There are many good books on money and credit (and central banking). Ron Paul's End the Fed is one of them. I think it is well written and worth the time. It should help you in your search for the answers to issues you may have long been wondering about, such as:

a) What is the true role of the FED (or any central bank for that matter)? Why do we have to have it?
b) Why is low inflation - in the "modern" (political) sense of the word, that is, rising prices - good, even desirable and why deflation - falling prices - is such a menace for economists (those close to politicians anyway)?
c) Why is inflation - by the "old" (nonpolitical) definition, that is, expansion of money supply (money production) - necessary?
d) Where are the free market forces behind interest rates?
e) Who exactly are the beneficiaries of the (fiat) paper money system?

The whole idea of (fully) ELASTIC money and one institution having monopoly on it must seem DUBIOUS to every intelligent layman.

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Most recent customer reviews

Five Stars

A very good book by a man with a lot of experience

Published 16 days ago by Fernando Ponce

Ron Paul is a true American hero and everyone should ...

Ron Paul is a true American hero and everyone should read this book about one of America's most powerful yet unknown institutions

Published 19 days ago by Eric S

Five Stars

Excellent read

Published 1 month ago by D S

Very Informative

This book can be divided into three different parts. The first provides a background of the Federal Reserve and currency.Read more

Published 2 months ago by Nathan Kreider

Ron Paul’s End the Fed

For most of the Federal Reserve’s existence, almost nobody knew what they did. It was hardly discussed in the media, and it was secluded from the political process and it ran...Read more

Published 2 months ago by Devin Cooper

Five Stars

Perfect!

Published 2 months ago by rjmd

Great book!

Ron Paul should be president 😊

Published 2 months ago by Michelle

very fast, receive it next day.

i love it , just fine. comfortable,nice . All around good product and the customer service is awesome. very nice .

Published 2 months ago by Kenneth

Excellent reasoning why the Federal Reserve needs to be abolished

Excellent reasoning why the Federal Reserve needs to be abolished .

Published 3 months ago by A. Jones

Great and inspiring read

Well written and informative. Excellent author. Makes me really riled up about the federal reserve and our government after reading.

Published 3 months ago by James S

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