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I saw this on an anti-Ron Paul site today. Some marxist said if America goes back to the gold standard it would either have to buy up all the gold on earth or it would have to find a way to take money out of circulation in order for the amount of money to equal the amount of gold. Is this true?
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Also be sure and check out Gold as Money: FAQ
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I think that President Obama plans to borrow more US dollars back from the Foreigners that earned the US dollars manufacturing US consumable products and then provide temporary jobs for unemployed US citizens to construct "Pork Barrel" projects, or rake leaves, or dig a hole today and then...
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Hi all. I've been slowly working, over the past few months, on what I like to call a "Craig's List for sound money". I think I am finally ready to tell the world about it, though I know many important features are still missing; I need some real users to keep me motivated. I plan to...
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I am currently reading Murray Rothbard's "What Has Government Done To Our Money? & The Case for a 100 Percent Gold Dollar". I recently came upon a curios passage that states the following: "I need not go through the familiar but fascinating story of how gold and silver were selected...
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There must be people on here that are aware of Roy Jastram's fascinating work "The Golden Constant". Its a book sized piece on the gold/commodity ratio from 1580 until 1976. Its a great read if you know about Mises' theory on the interest rate and the Gibson's paradox observation...
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Currency, by definition, is never "hard;" people keep the hard money and spend the least hard. However, the problem is easy if there is a federal system: the central government is mandated to coin both gold and silver coins, the several States adopt one or the other. If someone finds a reef...