The Fed Has Created Stagnant Wages In An Age of Plenty

For the vast majority of people, wages have been stagnant since the 1970's. What happened in 1971? Well, that was the year that the U.S. dropped what was left of the gold standard. The major beneficiaries of that fateful decision have been the politically-connected and crony 1%.

Dr. Ron Paul is a physician and former twelve-term congressman from Texas who ran for president in 2008. He is the author of eight books, including the New York Times bestsellers The Revolution: A Manifesto and End The Fed. An unwavering defender of the US Constitution, Paul has been an advocate of sound money, personal liberty, free markets, and international peace throughout his political career and beyond. He is chairman of the FREE Foundation, founder of the Campaign for Liberty, and distinguished counselor to the Ludwig von Mises Institute. Dr. Paul recently started the Ron Paul Channel, an online broadcast alternative to the mainstream media. Ron's most recent novel is Swords into Plowshares.