The metal’s long-term value derives from its status as the only form of money that cannot be created at will by political authorities, that requires no counterparty, and that has survived every previous episode of monetary excess and institutional decay.
Ninety years ago, John Maynard Keynes dismissed gold as a “barbarous relic” and recommended the pursuit of paper money. Today, we see the inflationary fruit of the poisonous tree.
Jp Cortez is the executive director for the Sound Money Defense League, a national public-policy organization working to promote and defend gold, silver, and sound money policy at the state and federal levels. He is the coauthor of the Sound Money Index.
The cutting of the dollar’s ties to gold and silver has been at the center of the government’s destruction of so many of our freedoms. This has enriched the government and its friends while impoverishing the productive classes.
The cutting of the dollar’s ties to gold and silver has been at the center of the government’s destruction of so many of our freedoms. This has enriched the government and its friends while impoverishing the productive classes.
Dr. Alex Pollock argues that the Fed excels at creating inflation, financing deficits, and bailouts, but cannot prevent crises, manage the economy, or know the right interest rate.
The demise of American coinage is the story of US money in a nutshell. Coins were made of gold and silver. Today, even coins of base metals have face values less than the value of the metal itself.
Mainstream economics does a disservice when students are taught that money is a medium of exchange, a store of value, and a unit of account without explaining why and how money came to function in those categories.
Mainstream economics does a disservice when students are taught that money is a medium of exchange, a store of value, and a unit of account without explaining why and how money came to function in those categories.
While the government tells us that inflation is down because the CPI says so, there is another metric that tells a different story: measurement by gold prices.
