Thoughts, essays, and writings on Liberty. Written by the heirs of Patrick Henry.

September 15, 2009

Ron Paul Talks About His New Book On The Federal Reserve

by Doug Mataconis

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  • http://www.libertarianrepublican.blogspot.com Eric Dondero

    Here’s a wild and crazy idea. How about some libertarian write a book about issues that actually affect Americans’ day-to-day lives, like repealing seat belt laws, turning back smoking bans, and getting rid of taxes on beer and wine.

    Problem with our movement is that we’re so obsessed with arcane boring-ass issues like “the Fed,” and “CIA surveillance,” that meat and potator regular Joe and Jane Americans just yawn every time we’re mentioned.

  • Norm
  • http://thelibertypapers.org/2005/11/22/a-bit-about-kevin/ Kevin

    Eric:

    Problem with our movement is that we’re so obsessed with arcane boring-ass issues like “the Fed,” and “CIA surveillance,” that meat and potator regular Joe and Jane Americans just yawn every time we’re mentioned.

    Sit down for a second, because I’m going to actually partially agree with you. Libertarians do obsess too much about the Federal Reserve and in fact many embrace the kookiest of conspiracy theories regarding the Fed. In addition, replacing the Fed with the gold standard would merely keep everything that’s wrong with the Fed and introduce the weaknesses of the gold standard (the inability to adjust to changing economic conditions, debasement, market manipulation, etc.)

    Besides, you’re actually right about the fact that most Americans don’t give a shit about the Fed either way.

  • Akston

    Yep. The fact that a 2009 dollar will only buy what 5 cents did back in 1913 when the Federal Reserve was established is of no concern at all to meat and potato Joe and Jane. Unless, of course they want to buy meat and potatoes.

    Most people can see this pretty readily: When the Federal Reserve creates for dollars out of thin air, each existing dollar is worth less. Double the dollars, halve the value of each.

    Sorry that’s so arcane for ya.

  • Akston

    …When the Federal Reserve creates for dollars out of thin air…

  • nicolas

    That book has been written. I think it’s called “Ain’t Nobody’s Business If You Do” by Peter McWilliams.

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