Rep. Ron Paul (R-Tex.) is out with a new book, End The Fed, and his message is crystal clear: get the government out of monetary policy. MainStreet spoke with the congressman and recent presidential candidate about everything from the job market to Brüno.
We probably asked Congressman Paul too many questions, but frankly he’s very easy to talk to and he doesn’t hold back, so it’s easy to go on tangents with him.
We talked about terrorism, health care, conspiracy theorists, the rapture, and much more. But the reason he graciously showed up at our office is because of his book, in which he advocates the dissolution of the Federal Reserve. He’s also got a bill in the House right now which would give Congress the authority to audit the Fed. So we might as well start with that.
We asked him why the average person out there should even care about Paul’s campaign against the Federal Reserve’s secrecy.
“You better worry about it,” Paul told us, explaining that what is happening right now amounts to the “creation of credit out of thin air, but not true capital.”
Paul throws around phrases like “blind acceptance of Keynesian economics” and “corporatism” but his message is actually quite simple, it turns out: our government is printing money like there’s no tomorrow, driving us further and further into debt. Although there has been a stock market bump as of late, this is not true recovery for millions of Americans feeling the pressure. “The people who lost their shirt didn’t get it back,” Paul said of the market recovery.