Lord d'Abernon |
Ron Paul (R-TX) has a bestseller, "End the Fed," in which he calls for a return to the gold standard as the surest prevention of inflation. Although he hasn't won many converts among economists, he has sold a lot of books. Besides Paul, the Fed has picked up enough critics among politicians that Fed Chairman Ben Bernanke recently won confirmation for a new term by the slimmest vote margin in history.
After the jump, a different, more accurate criticism of the Fed.