What a Nobel Peace Prize, the Federal Reserve, and Endless War Have in Common
By Joe Jarvis
It was ten years ago that Congressman Ron Paul released his book, End the Fed.
It immediately shot to number six on the New York Times Bestsellers list.
Paul’s message was that the Federal Reserve was created to bail out banks. It privatized profits for them and socialized losses for the rest of us.
He said the system works against us by killing competition among banks and hiding taxes through inflation.
He’s right. The Federal Reserve can create money out of thin air, and lend it to the government to spend. But increasing the supply of money–