First reason is, it's not authorized in the Constitution, it's an illegal institution. The second reason, it's an immoral institution, because we have delivered to a secretive body the privilege of creating money out of thin air; if you or I did it, we'd be called counterfeiters, so why have we legalized counterfeiting? But the economic reasons are overwhelming: the Federal Reserve is the creature that destroys value.
Ron PaulI hope every person who reads or hears this will take the time to go back and read the Declaration of Independence. Only by recapturing the spirit of independence can we ensure our government never resembles the one from which the American States declared their separation.
Ron Paul