Ron Paul- "Federal Reserve Is Responsible: Inflation,Unemployment, Business Cycles,"

The mandate for the Fed is "to promote the two coequal objectives of maximum employment and price stability."
How's it doing?
The Great Depression occurred on the Fed's watch, as have several other recessions. As for price stability, from the Fed's creation (really in 1910) to 1945, the dollar lost 45 percent of its value; between 1945 and 1980 it lost another 78 percent of its value; and between 1980 and today yet another 62 percent of the dollar's value was inflated away. All told, during the less than 100 years that the Fed has been charged with keeping the value of the dollar stable, the dollar has lost 95 percent of its value.
This shrinkage in the dollar's value since 1913 is especially striking in light of the fact that, between 1790 and 1913, the dollar's value declined by only about 8 percent.*

Видео Ron Paul- "Federal Reserve Is Responsible: Inflation,Unemployment, Business Cycles," канала Patrick Welsh