Fixing the Welfare-Warfare State ft. Dr. Ron Paul

In 'End the Fed', Ron Paul argues that the Federal Reserve System is both corrupt and unconstitutional. He contends that the Fed's actions cause booms, bubbles, and busts in the business cycle and that it inflates currency to levels similar to those seen in Weimar Germany or Zimbabwe, threatening an inflationary depression. Paul also argues that the Fed serves the interests of big banks and wealthy elites rather than the general public, and that it facilitates warfare by enabling the government to finance its debts through inflation, which acts as a hidden tax on the population.