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| 2016 Election: | Hillary's book | Trump's book | Bernie's book | Ted Cruz's book | | | 2016 Senate Debates |
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| Book Reviews | |||||||||||||||||||||||||||||
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(from Amazon.com) | |||||||||||||||||||||||||||||
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(click a book cover for a review or other books by or about the presidency from Amazon.com) |
from End the Fed, by Rep. Ron Paul (R, TX) (number of quotes indicated): |
OnTheIssues.org BOOK REVIEW:
Economics is known as "the dismal science." Rep. Ron Paul does his best in this book to explain economics entertainingly, but it's a pretty dismal book. Paul does a fine job explaining economics as well as his policy prescriptions for the economic future -- but the "dismal science" topic disallows Paul's usual entertaining style. If you want to understand this economic crisis, plow through this book. But if you want an entertaining book, try Paul's other books (linked below).
The title "End the Fed" derives from a chanting crowd during the 2008 election: "The title of this book comes from a slogan that can be heard at rallies all around the country. I first heard it at the University of Michigan in October 2007. When I mentioned monetary policy, a small group chanted, 'End the Fed! End the Fed!' The whole crowd of 4,000 took up the call. Many held up burning dollar bills, as if to say to the central bank, you have done enough damage: your time is up." (p. 4)
Back to the dismal science: Some of Paul's points:
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-- Jesse Gordon, editor-in-chief, OnTheIssues.org, June 2011
| OnTheIssues.org excerpts: (click on issues for details) |
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Budget & Economy Rand Paul: Federal Reserve is insolvent, by private bank standards. Rand Paul: More oversight of the Fed; less of community banks. Rand Paul: Audit the Fed: currently no jurisdiction to do so. Hank Paulson: 2008 downturn in housing market caused crisis & recession. Milton Friedman: The Great Depression was the fault of the Federal Reserve. Milton Friedman: Money supply needs to expand, to support economic growth. Ron Paul: Fed has ominous power with no oversight & no control. Ron Paul: Paper money in unconstitutional; only gold is legal tender. Tim Geithner: 2008 errors: money supply too loose; interest rates too low. Barack Obama: Some wealth of the last economic boom was illusory. Richard Nixon: 1971: "We are all Keynesians now"; end the gold standard. Ron Paul: Economic crisis demonstrates that Fed must come to an end. Ron Paul: Security or growth: you can't have both. Ronald Reagan: No great nation abandoned gold standard and remained great. |
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Corporations Bernie Sanders: Bank bailout was socialism for the rich. Ron Paul: Inflated currency benefits some industry's CEO salaries. Ron Paul: Auto company nationalization is fascism. |
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Free Trade Ron Paul: Market can sort out mess created by central banks. Ron Paul: Inflation is regressive & results in protectionism. |
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Government Reform Bernie Sanders: Introduced Federal Reserve Transparency Act with Ron Paul. Ron Paul: Paper money makes Congress believe it has no spending limit. Ron Paul: Introduced Federal Reserve Transparency Act with Sen.Sanders. |
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Homeland Security Ron Paul: Politically convenient wars are not at all necessary. |
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Principles & Values Ron Paul: 1971 dropping of gold standard prompted first run for office. |
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Tax Reform Ron Paul: Disastrous tax code contributes to underground economy. |
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War & Peace Ron Paul: Century of war correlates with century of central banking. |
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Welfare & Poverty Ron Paul: Moral hazard permeates a welfare state. |
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Page last edited: Dec 17, 2018
