Gold Standard

Recorded at the Mises Institute Supporters Summit, 31 October 2008; Auburn, Alabama.

Recorded at the Mises Institute Supporters Summit, 31 October 2008; Auburn, Alabama. Includes an introduction by Mark Thornton.

Recorded at the Mises Institute Supporters Summit, 1 November 2008; Auburn, Alabama. Includes an introduction by Mark Thornton.

The idea of private coinage seems so strange today that it is worth examining carefully.

A demand for monetary freedom — a repeal of legal-tender laws and the opening up of the banking system to private enterprise — is nothing more than the extension of freedom generally.

If we understand that freedom is inseparable from sound money, we can embrace that too.

It turns out that making money is a business like any other, not something that only governments do. In a free world, it would be something done entirely by private enterprise.

With sound money and no central bank, the debate over our country's future would take on new meaning.

It is reality vs. fiat, independence vs. dependence, value that lasts vs. value that is the whim of the transitory political class.

If the Fraternal Order of Eagles is looking to "uphold and nourish" good values, they should champion the cause of sound money.