About the Foundation

The Foundation for Rational Economics and Education, Inc., is a 501(c)(3) tax-exempt public foundation dedicated to individual liberty and free market economics. It was founded by Congressman Ron Paul of Texas, and publishes his monthly Freedom Report, available upon request.

The Foundation will, from time to time, publish essays, of which this is the first. It will also host seminars and publish their proceedings. For more information, write: F.R.E.E., Inc., Post Office Box 1776, Lake Jackson, Texas 77566.

Advisory Board of the Foundation

Dr. Petr Beckmann

Mr. John Chamberlain

Mr. Henry Hazlitt

Dr. John Hospers

Mr. Charles Koch

Mrs. Ludwig von Mises

Dr. Gary North

Dr. Murray Rothbard

Dr. Hans Sennholz

Ron Paul is a most unusual politician—in many ways. In the first place, he really knows what he’s talking about. He is not only for the gold standard. He knows why he is for it, and he is familiar with the most advanced and complex economic insights on the true nature of inflation, on how inflation works, and how inflationary credit expansion brings about booms and busts. And yet Ron has the remarkable ability to take these complex and vital insights and to present them in clear, lucid, hard-hitting terms to the non-economist reader. His economics is as sound as a bell.

—Murray N. Rothbard