- Paperback: 227 pages
- Publisher: Cato Institute; 1st edition (September 1982)
- Language: English
- ISBN-10: 0932790313
- ISBN-13: 978-0932790316
- Product Dimensions: 9 x 5.8 x 0.8 inches
- Shipping Weight: 14.4 ounces
- Average Customer Review: 3.6 out of 5 stars See all reviews (93 customer reviews)
- Amazon Best Sellers Rank: #4,138,120 in Books (See Top 100 in Books)
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Case for Gold: A Minority Report of the United State Gold Commission Paperback – September, 1982
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Top Customer Reviews
Amidst, rampant inflation of the 1970's, a skyrocketing deficit... Things didn't look so good and a number of business and political leaders seriously enterained and supported the idea of reverting back to the gold standard. Sooner or later the financial institutions and fiat money cartel will abuse its power of the press and inflate us into another depression. Perhaps then instead of migrating to a world bank and currency structure, we will kill the fiat money machine once and for all.
Lastly consider these words: "Under a gold standard, the amount of credit that an economy can support is determined by the economy's tangible assets, since every credit instrument is ultimately a claim on some tangible asset. But government bonds are not backed by tangible wealth, only by the government's promise to pay out of future tax revenues... A large volume of new government bonds can be sold to the public only at progressively higher interest rates. Thus, government spending under a gold standard is severely limited.... In the absence of a gold standard, there is no way to protect savings from confiscation through inflation.... This is the shabby secret of the welfare statists' tirades against gold. Deficit spending is simply a scheme for the hidden confiscation of wealth. Gold stands in the way of this insidious process...Read more ›
I'm qualified to give this book a 5-star because I bought and read this book. Although this book was written 30 years ago, it is still a good read. There are few sentences from this book that I think it is worth to point out.
"Money does not make wealth. Only hard work creates wealth."
"... a gold standard holds in check the ability of the government officials to expand their power."
"Economic growth comes from productive efforts which are encouraged by savings, low interest rates, reliable currency, and minimal taxes."
This book is intended for the average educated reader, so do not expect a nuanced treatment of economic theory; yet what theory there is here is pretty clearly presented. If you like this book, you should also read Murray Rothbard's "The Case for the 100% Gold Dollar", "What has the government done to our money?"; also Griffin's "The Creature from Jekyll Island", and Bonner and Wiggin's recent work, "Empire of Debt".
A guy with a brain, that works!
Most Recent Customer Reviews
A few items to note:
In the ancient world, and later, silver and other metals were the monetary unit, not gold, as gold was too unsuitable for daily use. Read more
I wouldn't suggest reading this for fun unless you're the economist/historian type. It's majorly academic which is amazing if you're heady.Published 8 months ago by Sam McCrory
Ron Paul has two sorts of people who discuss him. Complete haters, the ones who simply will not think, read some books, question everything, compare history to what we have now... Read morePublished 13 months ago by Need2Know
Excellent background and basis for our monetary history. Needs to be required reading for High School graduation. Read morePublished 13 months ago by James A Cooke