The Fed has one power that is unique to it alone: it enables the creation of money out of thin air. Sometimes it makes vast new amounts. Sometimes it makes lesser amounts. The money takes a variety of forms and enters the system in various ways. And the Fed does this through techniques such as open-market operations, changing reserve ratios, and manipulating interest rates, operations that all result in money creation.
Ron PaulThere is but one special interest that we should be working for, and that would solve just about all of our problems, and that is our liberty.
Ron PaulEach of us should choose which course of action we must take; education, conventional political action, or even peaceful civil disobedience to bring about necessary changes, but let it not be said that we did nothing.
Ron Paul