The idea that The Fed could make dollars that they can counterfeit “as good as gold” was always a fairy tale. The idea that the Fed would create a “stable” currency was always a fairy tale. The idea that the Fed could “run” the economy, or prevent recessions and depressions was always a fairy tale. The Fed destroys the economy and brings about depressions. All fairy tales must come to an end. But what will replace it?
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