While the Fed, and all of its cheerleaders engender false confidence from the public, they also have false confidence in themselves. That which they believe they can control, they ultimately cannot. Manipulating interest rates and counterfeiting dollars may seem to create short-term benefits, but always at the cost of long-term economic ruin. The long-term always arrives, and always when it’s least expected by the “experts.”
The Ron Paul Institute for Peace and Prosperity is a project of Dr. Paul’s Foundation for Rational Economics and Education (F.R.E.E.), founded in the 1970s as an educational organization. The Institute continues and expands Dr. Paul’s lifetime of public advocacy for a peaceful foreign policy and the protection of civil liberties at home. Visit http://www.ronpaulinstitute.org