In the post-meltdown world, it is irresponsible, ineffective, and ultimately useless to have a serious economic debate without considering and challenging the role of the Federal Reserve.
Most people think of the Fed as an indispensable institution without which the country's economy could not properly function. But in END THE FED, Ron Paul draws on American history, economics, and fascinating stories from his own long political life to argue that the Fed is both corrupt and unconstitutional. It is inflating currency today at nearly a Weimar or Zimbabwe level, a practice that threatens to put us into an inflationary depression where $100 bills are worthless. What most people don't realize is that the Fed -- created by the Morgans and Rockefellers at a private club off the coast of Georgia -- is actually working against their own personal interests. Congressman Paul's urgent appeal to all citizens and officials tells us where we went wrong and what we need to do fix America's economic policy for future generations.

The dissenting opinions of Patrick Henry and others who saw the Constitution as a threat to our hard-won rights and liberties.
Edited and introduced by Ralph Ketcham.

《NAFMII金融译丛·银行的秘密:揭开美联储的神秘面纱(第2版)》内容简介：当更多的人把金融危机的根源锁定在人的贪婪原罪时，罗斯巴德把思考的重点放在了政府与货币的关系上，并指出货币垄断才是构成经济危机的核心。所以，当经济危机来临，那种指望政府救市的理念和措施，不仅无助于市场的完善，甚至会拉长经济危机的期限。

作为美国最高货币政策主管机关、全球最主要金融机构之一的美联储，
究竟是不是私人机构，股东是谁，利润如何分配？
谁负责制定美联储的政策？
它是否真像传说中那样可以在金融市场上呼风唤雨？
它又如何在金融危机时力挽狂澜，维持金融市场稳定？
量化宽松政策真的是美联储在滥发货币转嫁危机吗？
美国经济复苏后，美联储如何从现行政策中全身而退，又会对全球金融市场造成什么影响？
本书不仅对美联储的历史背景、政策目标、组织架构和运行机制作了客观明确的描述，而且对国内读者特别关心的有关美联储的各个问题进行剖析，提出了独到的见解；在澄清若干对美联储的常见误解之后，我们可以进一步了解美联储在全球经济和金融市场上的作用及其行事逻辑，从而进一步增强对全球市场的预见能力！

Allan H. Meltzer's critically acclaimed history of the Federal Reserve is the most ambitious, most intensive, and most revealing investigation of the subject ever conducted. Its first volume, published to widespread critical acclaim in 2003, spanned the period from the institution's founding in 1913 to the restoration of its independence in 1951. This two-part second volume of the history chronicles the evolution and development of this institution from the Treasury - Federal Reserve accord in 1951 to the mid-1980s, when the great inflation ended. It reveals the inner workings of the Fed during a period of rapid and extensive change. An epilogue discusses the role of the Fed in resolving our current economic crisis and the needed reforms of the financial system. In rich detail, drawing on the Federal Reserve's own documents, Metlzer traces the relation between its decisions and economic and monetary theory, its experience as an institution independent of politics, and its role in tempering inflation. He explains, for example, how the Federal Reserve's independence was often compromised by the active policy-making roles of Congress, the Treasury Department, different presidents, and even White House staff, who often pressured the bank to take a short-term view of its responsibilities. With an eye on the present, Meltzer also offers solutions for improving the Federal Reserve, arguing that as a regulator of financial firms and lender of last resort, it should focus more attention on incentives for reform, medium-term consequences, and rule-like behavior for mitigating financial crises. Less attention should be paid, he contends, to command and control of the markets and the noise of quarterly data. At a time when the United States finds itself in an unprecedented financial crisis, Meltzer's fascinating history will be the source of record for scholars and policy makers navigating an uncertain economic future.