{"id":67602,"date":"2024-04-26T14:51:04","date_gmt":"2024-04-26T19:51:04","guid":{"rendered":"https:\/\/olduvai.ca\/?p=67602"},"modified":"2024-04-26T14:51:04","modified_gmt":"2024-04-26T19:51:04","slug":"woods-exposes-the-federal-reserve-system","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=67602","title":{"rendered":"Woods Exposes the Federal Reserve System"},"content":{"rendered":"

Woods Exposes the Federal Reserve System<\/a><\/h3>\n
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The first thing to know about Dr. Thomas E. Woods, Jr.\u2019s\u2019 book\u00a0Our Enemy, the Fed<\/a>\u00a0is he\u2019s giving it away. Click the link, get your copy and read the whole book. Clearly, such intellectual charity is not only rare but in the educational spirit of Mises.org. The subject matter is light-heavy but Woods, author of the bestseller\u00a0Meltdown<\/a>\u00a0(reviewed\u00a0here<\/a>), navigates it with the smooth skill of a master, making the reader experience satisfying from beginning to end.<\/p>\n

The title reflects another insight, paralleling as it does Albert Jay Nock\u2019s\u00a0Our Enemy, the State<\/a>. Most of us were raised to believe government and its agencies serve our best interests. As libertarian scholarship has shown the truth is the exact opposite, particularly with government\u2019s sleazy relationship with money and banking. Admittedly, it\u2019s a hard idea to accept since it involves a pernicious breach of trust, but Woods makes it abundantly clear. To our overlords we are easily-duped chattel.<\/p>\n

Until Ron Paul decided to run for president and his\u00a0End the Fed<\/a>\u00a0came along in 2009, the general public was mostly blind to the Fed\u2019s existence. Austrians aside, the few who knew something about it \u2014 mostly university-trained economists\u00a0on the take from the Fed<\/a>\u00a0\u2014 considered it a vital part of an advanced industrial economy. Yet the Fed had been around for 96 years when Dr. Paul\u2019s book emerged. Given that it\u2019s in charge of the money we use how did it remain in the shadows for tax-burdened citizens for nearly a century? What\u2019s up with that?<\/p>\n

The Federal Reserve Bank of St. Louis tells us the Fed\u2019s\u00a0congressional assignment<\/a>\u00a0is \u201cto promote\u00a0maximum employment<\/em>\u00a0and\u00a0price stability<\/em>.\u201d (Bold in original) For these it talks about interest rates, and its aim is to increase the money supply so that prices rise gently at or around a 2 percent rate.<\/p>\n

…click on the above link to read the rest of the article…<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"

Woods Exposes the Federal Reserve System The first thing to know about Dr. Thomas E. Woods, Jr.\u2019s\u2019 book\u00a0Our Enemy, the Fed\u00a0is he\u2019s giving it away. Click the link, get your copy and read the whole book. Clearly, such intellectual charity is not only rare but in the educational spirit of Mises.org. The subject matter is […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[34376,1876,34377,303,7617,534,11960,3650],"class_list":["post-67602","post","type-post","status-publish","format-standard","hentry","category-economics","tag-book-reviews","tag-booms-and-busts","tag-dr-thomas-woods-jr","tag-fed","tag-mises-institute","tag-monetary-policy","tag-the-fed","tag-us-federal-reserve"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/67602","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=67602"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/67602\/revisions"}],"predecessor-version":[{"id":67603,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/67602\/revisions\/67603"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=67602"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=67602"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=67602"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}