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More on Tipp City News | West Milton News | Bethel Township
| Letter to the Editor - Sept. 3 |
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| Written by Editor |
| Thursday, 09 September 2010 19:55 |
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A must-read book for all Americans Editor: Author Ron Paul, medical doctor and congressman, introduced H.R.833 to abolish the Federal Reserve System and repeal the Federal Reserve Act. The majority of bills never make it out of committee, but he’s reaching out with a new book End the Fed. He is advancing another landmark bill, H.R. 1207 Federal Reserve Transparency Act of 2009. This bill has 282 co-sponsors! It would reform how the Fed is audited. Paul’s motivation is his view of the nature of money. He wants money of real value, not political money. Paul sides with the Austrian School of Economics. His upbringing conveys frugality, honesty and the saving ethics that is making a comeback. End the Fed offers easy to understand solutions to our problems, live within our means, stick to the Constitution and make legal tender of the country sound money. The abuse of monetary power and its effects on our lives captured in the book is almost overwhelming. Paul’s been fighting Fed secrecy to protect the average person. The book shows all the damage it has caused: slow economic growth after its establishment; culpability in the Great Depression; burdening the middle class with the stealth tax of inflation: credit cycles followed by financial accidents and runaway debt that never gets repaid. H.R. 1207 would allow genuine auditing of the Federal Reserve. Auditors would find out where the public money went and investigations into the scandal would become the hallmark of the next several years. Paul’s arguments for ending the secrecy are irrefutable. The Fed is trying to solve the problem with more of the same thing that caused the problem. Of course it’s more complicated than that, and that’s where the book is so important. Paul explains the history of the Fed, its relationship to modern wars and a myriad of other societal ills, the inevitable failure of a fiat currency and more importantly, how we get out of this mess. The Federal Reserve system is nothing less than a tool for the transfer of wealth and power from the average citizen to the wealthy and powerful, and we must rein it in to preserve liberty and freedom. I know I must sound drastic, but I cannot stress enough the importance of honest, realistic, economic education. This book is a first step. Ross Anderson Dayton |
