"For the first time in the Fed’s nearly century-long history, large numbers of Americans and not a few political leaders, led by Ron Paul, are waking up to the realities of central banking and the Fed’s role in causing the value of the dollar to depreciate and the economy to oscillate between boom and bust."Listen to George Selgin discuss Ron Paul's bill H.R. 1207 and the audit of the Fed on Wisconsin Public Radio's The Joy Cardin Show (August 14, 2009). Selgin advocates an audit of the Fed as an initial reform, followed by constitutional restraints on the Fed, then abolishing the Federal Reserve System and replacing it with laissez-faire free banking.
"If we do not soon abolish the Federal Reserve and return to sound money, we will likely experience national insolvency and an end to our dwindling political liberties. End the Fed is, simply put, a must-read for every American who can spell his name."
Also, listen to U.S. Representative Ron Paul discuss the ongoing destruction of the U.S. Dollar on Jay Taylor's Turning Hard Times Into Good Times Internet radio program (April 7, 2009).
For further reading:
"Ron Paul Q&A: Audit the Fed, Then End It", Sudeep Reddy, September 16, 2009
"Ron Paul and the Federal Reserve", Thomas Greco, September 1, 2009
"The Fed on the Defensive", Gary North, August 29, 2009
"End the Fed? A not-so-crazy idea", George Selgin, August 3, 2009
"Bernanke Fights Audit Threat to the Fed", Forbes, July 21, 2009
"Auditing the Fed will Audit the State", George F. Smith, July 1, 2009
"Ron Paul's Competing Currencies", Peter Brimelow, January 29, 2008
The Case Against the Fed, Murray N. Rothbard, 1994