Surprise! Neocons Dislike End the Fed

Writing for David Frum’s neocon website, New Majority (oh sure), Kenneth Silber is outraged at Ron Paul’s End the Fed. How dare he blame so many ills on this wonderful institution? Sure it inflates, but so what? How dare Ron be a ‘conspiracy theorist’? Sure, wealthy political-bankster members of the power-elite designed it to their own profit. But that’s just public service. How dare he use the economically accurate definition of inflation? We must use the obfuscating one. How dare Ron try to limit government spending by abolishing the printing press? We must have the printing press to wage endless war. How dare he want to weaken the Fed? It must be strengthened. How dare Ron call this federal agency private? Well, Ron has always patiently explained that the DC Fed is a federal agency dedicated to the state and the banksters, a public-private fascist outfit like the other Progressive Era ops, in other words. But instead of being transparent, the Fed is private. That, however, is about to change, thanks to Ron Paul, his HR 1207, and his book. Now let’s take it to #1 on Amazon and the NY Times (if the Times is still in existence) on September 16th, one week from tomorrow. Messrs. Frum and Silber need to see it there. But we have our work cut out for us, since End the Fed is #13 on non-fiction bestsellers (though up from #16 over the weekend).

UPDATE: Thanks to Jeff Tucker for pointing out this Ron Paul quote from p. 28, clearly showing Mr. Slber’s bias:

Some people claim that the Fed is nothing but a private corporation that is working to enrich itself at our expense. Other people claim that it is a government operation that works to provide funds for the government when it can no longer get away with taxing us.

Neither opinion is precisely correct. Actually, the Fed is a public-private partnership, a coalition of large banks who are the owners working with the blessing of the government, which appoints its managers. In some way, it is the worst of both the corporate and the government worlds, with each side providing a contribution to an institution that has been horribly detrimental to American prosperity.

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7:35 pm on September 8, 2009