To say that the gold standard is not practicable is the same to say that honesty is not practicable, and Constitutions are made to be blithely ignored when convenient. The American Constitution, for example, mandates a metallic monetary standard for the United States in the clearest possible language. Opponents of the gold standard have never been able to muster up the moral fortitude to amend the Constitution so as to formalize the abolishing of the gold standard. Yet in 1933 president
What You Always Wanted to Know About Gold
- Post author:The Daily Bell
- Post published:June 11, 2010
- Post category:Education / Network Archives
Tags: Austrian economics, CLibertyC CLCs, constitutional liberty coalition, Daily Bell, free enterprise, limited government, The Daily Bell
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