Monty Pelerin's World

Economics, Finance and Politics Through The Prism of Classical Liberalism

Wingnut Ron Paul is in Good Company

Ron Paul is looked at by some as a modern day Don Quixote. His current windmill is the Federal Reserve, an institution not very well understood by the American public. For those who don’t understand the Fed, watch this video.

Representative Paul is a Republican, but a strange one. He is a RINO (republican in name only), a term usually reserved for liberal Republicans. In fact, he really stands outside both political parties, much as Senator Bernie Sanders of Vermont. He and Sanders could not be more opposite in political philosophy. Yet both are concerned about the Fed and removing the veil of secrecy the Fed operates under. Indeed, Ron Paul wants to ultimately abolish the Fed. To many, this position is radical and unthinkable.

Paul’s position (and Sanders for that matter) is not at all unusual. As you can see

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