Thomas E. Woods: Kill the Monster

Why the Federal Reserve Must Be Abolished
Thomas E. Woods Jr.

"We were once told that boom-bust business cycles were a thing of the past because, thanks to the Fed, we now had scientific management of the money supply. If anyone believes that today, I’d like to meet him. Artificially low interest rates courtesy of the Fed do not yield us a utopia of sunshine and kittens. To the contrary, they artificially stimulate capital-goods production and long-term investment. They thereby deform the structure of production into a configuration that the public’s freely expressed pattern of saving and consumption will be unable to sustain. When this phony boom inevitably collapses, it is “capitalism” that takes the blame – when in fact the Fed, a non-market institution, is the culprit."

Read the full article at The American Conservative.

Thomas E. Woods Jr. is a senior fellow at the Ludwig von Mises Institute. He is the author of nine books, including two New York Times bestsellers: Meltdown: A Free-Market Look at Why the Stock Market Collapsed, the Economy Tanked, and Government Bailouts Will Make Things Worseand The Politically Incorrect Guide to American History

Dr. Rand Paul US Senate Moneybomb

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A Quote

"I swear, by my life and my love of it, that I will never live for the sake of another man, nor ask another man to live for mine."




Atlas Shrugged, Ayn Rand