Ron Paul says its Time to end the FED, Endorses Tax-Free Bitcoin

Ron Paul, former Presidential candidate has once again called for the abolishment of the Federal Reserve which recently increased interest rates from 2.25% to 2.5%.

Ron Paul who was previously a critic of Bitcoin is now endorsing Cryptocurrencies and recommending a mixed economy where the FED is not the sole issuer of the currency. Mr. Paul believes that the FED distorts the economy by manipulating the prices. He is a free market proponent and doesn’t think that a centralized entity like Federal Reserve can accurately determine the interest rates which is contrarian to most of the Keynesian economists.

The FED dropped interest rates to zero back in the 2008 financial crisis after which the interest rates have gone up slowly. This year alone the FED has increased the interest rates four times and is expected to further tighten the economy by drawing down $50 Billion each month from its balance sheet.

Ron Paul took on Twitter to bash the FED, holding a copy of his book…