End the Fed!

Critics dismissed Ron Paul as a "fringe" candidate or lunatic when he claimed the Fed creates the bubbles that destroy the value of the dollar. They also laughed when he said the US financial system is heading for a collapse.

Well, seems he wasn't too far off. From Ron Chernow, a leading financial historian:

I fear the government has passed the point of no return. We have the irony of a free-market administration doing things that the most liberal Democratic administration would never have been doing in its wildest dreams. It’s pure crisis management. It’s the Treasury and the Federal Reserve lurching from crisis to crisis without a clear statement on how financial failures will be handled in the future. They’re afraid to articulate such a policy. The safety net they are spreading seems to widen every day with no end in sight