End the Fed
NOTE: For anyone who reads my blog, this is the first political post I’ve ever written. Politics is not a theme I’d like to add to my published persona as it is rare that casual politics does anything but start arguments. For this reason, I hope that anyone reading this does so with an open mind and understands my goal is to reflect my own discoveries and hopefully, others find motivation to look deeper on their own. In other words if you want to call people names or be divisive, then you’ve already missed the point. Thanks for reading!
I just finished End the Fed by Ron Paul. Now I know some people think Ron Paul is a total kook. I had my doubts when I first started looking into his message, but over and over again, I found myself feeling his statements as logical, practical and realistic. One thing that has been a theme in his campaign and his fans is the desire to end the Federal Reserve. Not really understanding this aspect of his campaign, I decided to read his book.
It is funny because when I first learned about the fed in school, it didn’t make sense why they said it “created” money by adjusting interest rates. In my mind, it didn’t truly “create” anything except when it printed money. Ron Paul argues that very truth. No matter what the theory says, you can’t create something from nothing and the perceived benefits of more money in the economy is really just semantic. The most interesting perspective regarding the Fed is the moral argument. People have strong opinions regarding funding of government programs, yet they don’t mind that the fed makes their wages worth less and less each year. Ron Paul argues this is immoral and acts as a evil against society. Honestly, I believe him. If you raise a wage to keep up with the rise of inflation, you are really just paying someone the same thing. There are many people that never get these yearly raises as wage earners and the result is that every time the Fed “creates” more money, their wage is reduced.
If you think Ron Paul is crazy, I’d challenge to read End the Fed. I can’t say it is the most concise book I’ve read or fully explains the economic beliefs of Ron Paul, but it does reflect the principles he believes would help remove a vast amount of corruption in the government. Even though he may not be a perfect candidate, his perspective on war, freedom and the role of government are worth investigating as his message avoids party affiliation in favor of acting on principles. They say money is the root of all evil, which means ending the Fed is in fact helping to remove evil from our government.