Gold Standard

For the present and the foreseeable future, there is probably nothing that will stop the Fed from continuing with its inflation.

Control-freak politicians abhor gold because it ignores them; it won’t do what it’s told.

Ron Paul explains his position on gold money:

Because of the current economic and political climate, it is important to understand what we can do — and what we cannot hope to do in the short run.

So long as prices are flexible, any amount of money can "do the job.

David Frum is on the warpath.

Although Frum naturally doesn't say it explicitly, the only "cushion" that unbacked fiat money can provide is that it allows politicians to literally paper over crises, limping along from one to the next.

Mises said that such a monetary policy would ultimately end in the destruction of the exchange value of money.

So, in both cases of the "gold standard" and "free banking" we find that much of the case against the free-market policy is based on misrepresentations of the policies and semantic subversion.

Needless to say, during the course of this history, the federal government took more and more monetary powers so that, today, our monetary arrangements would be unrecognizable to any of the Founders. Our coins, in particular, are ugly little pieces of nothing and a constant reminder of our degradation.