Fed: “Immoral, Unconstitutional, Disaster.”

by Chris Campbell
Laissez Faire Books

“Even after all these years,” Ron Paul said at a recent CATO event, “of studying and reading and trying to figure out the system, I have come to a very fair and balanced position on the Federal Reserve.

“I think there’s no doubt that the Federal Reserve is immoral. It’s unconstitutional. And it’s a disaster. We don’t need it.”

Also, we might add, its policies have created one of the most terrifying financial tidal waves this world has seen.

“The hand-writing’s on the wall,” Paul goes on. “I think that’s what we’re facing today. That the dollar reserve standard, which the world has embraced for forty years, has come to an end. I don’t think there’s any admission to that yet. And they believe that they can patch it up.

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