(October 7, 2011) Ron Paul says that the Wall Street protests are legitimate, and that they are really protesting against the Federal Reserve.
One of the protest organizers tells me that a large proportion of the protesters are Ron Paul supporters. Most of them believe that ending the Federal Reserve is the most important step to restore our country’s prosperity.
Remember, even the Wall Street Journal has called for the Fed to be broken up.
As I have extensively documented, the Fed is largely responsible for the economic crisis, and has failed to meet a single one of its stated mandates (let alone its implied ones).
The Fed has been enabler-in-chief for the corruption rampant on Wall Street.
And as I noted Tuesday:
Some very well-known economists also support ending the Fed.
For example, Milton Friedman said:
"This evidence persuades me that at least a third of the price rise during and just after World War I is attributable to the establishment of the Federal Reserve System… and that the severity of each of the major contractions — 1920-1, 1929-33 and 1937-8 is directly attributable to acts of commission and omission by the Reserve authorities.