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Ron Paul rails against the Fed at Jekyll Island
Thursday, 04 March 2010 05:39
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Rep. Ron Paul made his case for shutting down the Fed on Feb. 27 at Jekyll Island, where it all began.

From Daily Planet Staff Reports

JEKYLL ISLAND, Ga. — The Fed, which was secretly conceived here 100 years ago, has protected the interests of the wealthy elite while performing its role as a central bank dreadfully through the years, Rep. Ron Paul, R-Texas, said during a conference here Feb. 27.

Paul spoke on “My Battle Against the Fed” as the keynote speaker during a luncheon that honored him and his recent book, “End the Fed.” About 320 people attended his talk, which was the highlight of a two-day conference titled “The Birth and Death of the Fed,” sponsored by the Ludwig von Mises Institute.

The conference also featured 10 speakers in the mornings of Feb. 26-26, including nationally known pundit and LvMI chief Lew Rockwell. The focus of their presentations was an exploration of the history of the Fed and an examination of options for the future. Attendees also were afforded an opportunity to tour Jekyll Island, savor an oyster roast and participate in a golf tourney.

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Photos courtesy of Chad Parish, LvMI
The six men who met secretly to plan the concept of the Fed converged in 1910 at The Jekyll Island Club Hotel.

Paul signed copies of his books — as well as other items — for more than two hours during a reception in his honor at nearby Crane Cottage on the evening of Feb. 26. After his Feb. 27 luncheon address, he spent nearly an hour posing with each individual who lined up for a photo shoot with him.

Paul was introduced by Rockwell, who said, “There’s been nobody like Ron Paul in public life in America since Thomas Jefferson” and other Founding Fathers. “How lucky we are to live in the era of Ron Paul!”

Paul, who the previous weekend snared a surprise win as the front-runner for president in 2012 at the Conservative Political Action Conference, said the Fed has misused its power and that a free market — allowing inefficient businesses to fail — can sort out problems much faster and better than a central bank.

 



 


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