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Quote by Ron Paul

“The Fed has one power that is unique to it alone: it enables the creation of money out of thin air. Sometimes it makes vast new amounts. Sometimes it makes lesser amounts. The money takes a variety of forms and enters the system in various ways. And the Fed does this through techniques such as open-market operations, changing reserve ratios, and manipulating interest rates, operations that all result in money creation.”

Quote by Ron Paul

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Ron Paul
Ron Paul

Ron Paul, a former U.S. Representative, was born on August 20, 1935. He is a renowned politician, physician, and author who served as a U.S. Representative from Texas from 1976 to 1985. Paul ran for the Republican presidential nomination in 2008 and 2012. He is known for his libertarian views and criticism of monetary policy. more

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