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Indlæser... End the Fedaf Ron Paul
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Bliv medlem af LibraryThing for at finde ud af, om du vil kunne lide denne bog. Der er ingen diskussionstråde på Snak om denne bog. Интересный и информативный взгляд на деятельность ФРС и её влияние на экономику США. Важно учесть, что книга написана под сильным влиянием либертарианских взглядов Рон Пола. ( ) Congressman Paul is very critical of current monetary policy under the Fed, and makes many powerful points to support his views. He makes it hard to find fault with many of these views, and offers reasons why the Fed should be abolished. However while he made convincing points as to why the current system hurts us, I felt the book lacked compensating detail as to what the alternative financial system would look like, and how it would operate. I found it interesting, but I disagree on a lot of Paul's proposed solutions. I agree that the Fed is poorly run and not necessary, but I disagree that fractional reserve banking or fiat currency are necessarily bad. He does a good job at diagnosing the problem (lobbyists interfering in monetary policy, secrecy and artificial cycles), but I don't think the solutions are as well thought through. All in all, I found it to be a worthwhile read, though I admit I skimmed most of the second half of the book. I can't really say I enjoyed reading (listening to) it, but End the Fed is a good primer on what the Federal Reserve is and why it is a bad thing. It was a little hard to follow at times, and I almost gave it 2 stars as a result, but the importance of the overall message caused me to bump the rating up to 3 stars. As much as it was eye-opening, I came away with many questions too. In discussions of economics I often hear things like "Austrian economics" or "Keynesian economics" - both of these economics systems were spoken of in this book, but Paul doesn't take the time to explain these things to the reader.
Paul offers a cogent defense of his position. Readers may question his desire to return to a gold standard, but Paul makes a strong case for sound monetary policy. Many of Paul’s assertions ring true. Inflation amounts to taxation, he says. Correct. Central bankers are central economic planners, he asserts. Absolutely. Wall Street likes “privatized profits and socialized losses.” No surprise there. He’s right, yet draws the wrong conclusions. A meandering diatribe against central planning, inflationary monetary policy and "the swollen ego of a Fed chairman." Distinctions
The author draws on American history, economics and fascinating stories from his own long political life to argue that the Federal Reserve is both corrupt and unconstitutional, inflating currency and threatening to put us into an inflationary depression. He also tells us where we went wrong and what we need to do fix America's economic policy for future generations. No library descriptions found. |
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Google Books — Indlæser... GenrerMelvil Decimal System (DDC)332.110973Social sciences Economics Finance Banking Central Banking Biography And History North America United StatesLC-klassificeringVurderingGennemsnit:
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