By Jason Meyers
Former Congressman Ron Paul, a key voice in the libertarian movement and strong advocate for Bitcoin, renewed his decades-long “End the Fed” campaign this week. In a recent interview, Paul argued that the Federal Reserve’s influence now far exceeds its original purpose, impacting everything from inflation rates to overall market stability.
Paul pointed to recent comments by Fed Chair Jerome Powell, who emphasized his independence from presidential dismissal despite former President Donald Trump’s pressures. While this independence is intended to protect the Fed from political influence, Paul believes it has effectively created an “untouchable” institution with minimal accountability, giving it unchecked authority over national financial policy.
A long-standing critic of the Fed’s monopoly on monetary policy, Paul argues that this centralized control erodes free-market principles and restricts Americans’ financial autonomy. He highlighted the Fed’s role in managing national debt and deficit spending, which, he contends, leads to “malinvestment” and gradually weakens the purchasing power of everyday Americans.
Ron Paul Senior Advisor, Nick Spanos stated “Its about time that Congressman Paul is finally getting the attention he deserves after 50 years of fighting the Federal Reserve System”
Paul also questioned the constitutionality of the Federal Reserve, suggesting that its authority over the nation’s currency lacks legal grounding. He described the Fed’s monetary practices as a “counterfeiting mechanism,” injecting fiat currency into the economy without sufficient oversight—a practice he believes could spark inflation or even hyperinflation, similar to crises seen in other countries.
While acknowledging Powell’s recent interest rate hikes, Paul argued that they might not address the root issues. He warned that maintaining low rates tends to favor large financial institutions while leaving average Americans exposed to currency devaluation and market instability. For Paul, a “sound money revolution” is urgently needed to restore accountability and protect individual financial freedom in the face of the Fed’s expansive power.
Hats off to Elon Musk
About the author
Jason Meyers is the lead architect of Pacioli.ai, the worlds first web3 disclosure infrastructure and AI based DePIN. Jason took many companies public including Alexion Pharmaceuticals which was acquired by AstraZeneca for USD$40 Billion. He strongly believes that the re-election of Donald Trump will make the USA the undisputed crypto capital of the world.
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