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Metals are fairly difficult to print

  • US_$20_1905_Gold_Certificate

Tags Money and BanksGold StandardMoney and Banking


Two weeks ago marked the 60th anniversary of a prescient essay (pdf) promoting gold as redeemable money. It was written by Howard Buffett, father of the famed investor, Warren. Several years ago Joseph Stromberg wrote an interesting biography about Howard, a four-term congressman of the Old Right. While many libertarians laud him for his defense of free-markets and personal liberties, his foreign policy views also make for a laudatory remembrance. Among others was his insistence on discovering who was responsible for instigating the Korean civil war. This is a germane topic that as Lew recently pointed out, still lives in the nightmares of the survivors of the autocrat Syngman Rhee. [This deserves a much longer write up but suffice to say, when the North offered up several treaties Rhee refused to take part and is suspected to have struck first in the summer of '50. In fact, the South led by Rhee never signed the armistice as he alone wanted to rule all of the peninsula.] Via David Schatz and Karen De Coster See also: A History of Occupations Good as Gold by Liberty Watch magazine

Gary M. Galles is a professor of economics at Pepperdine University. He is the author of The Apostle of Peace: The Radical Mind of Leonard Read.


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