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| The Federal Reserve recently took emergency measures to cut the federal funds rate by the largest amount in decades. That move came on the heels of a global stock market meltdown, giving the impression that the Fed takes such actions, in order to "manage" the economy. But it is a principle of economics that meddling in a free market only serves to cause the kinds of distortions that lead to market bubbles and market busts. That's why real economic growth in America was greater in the 19th century without the Fed than it was in the 20th century with the Fed. Fortunately, Congressman Ron Paul has introduced legislation to restore financial stability to America's economy by abolishing the Federal Reserve. Click here to contact your congressional representative and ask him/her to co-sponsor H.R. 2755. Thank you, The John Birch Society |
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