Can Paul Successfully Take on the Fed?

Fed Commits to Creating $600 billion

While attention for most was on the elections, the Fed announced it will increase the money supply by another $600 billion.

When the Fed increases the money supply with money and credit it creates out of thin air, it causes economic problems. The value of the dollar decreases and therefore we all become poorer.

Ron Paul explains, "By increasing the money supply of money, the Federal Reserve lowers the value of every dollar that already exists. If the supply of Mickey Mantle baseball cards were suddenly to increase a million-fold, each individual card would become almost valueless. The same principle applies to money: the more the Fed creates, the less value each individual monetary unit possesses. When the money supply is increased, prices rise - with each dollar now worth less than before, it can purchase fewer goods than it could in the past."

Ron Paul on Fox Business discussing the Fed's increase: