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The Case for Gold Paperback – 2007
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In 1982, Ron Paul served on the U.S. Gold Commission to evaluate the role of gold in the monetary system. In fact, the Commission was his idea. It was carrying forth a promise made in the Republican platform. Ron couldn't pick the members, so from the beginning, the deck was stacked. The majority was dominated by monetarists, who saw gold as too scarce and paper as just fine. Ron Paul's team was ready, however, with this marvelous minority report. Rarely has a dissent on a government commission done so much good! The result was The Case for Gold, and it was the greatest result of the commission. It covers the history of gold in the United States, explains that its breakdown was caused by governments, and explains the merit of having sound money: prices reflect market realities, government stays in check, and the people retain their freedom. The scholarship and rigor impressed even the critics of the minority. Ron and Lewis Lehrman worked with a team of economists that included Murray Rothbard, so it is hardly suprising that such a book would result. It still holds up as an excellent blueprint for moving beyond paper money and into the age of sound money. In particular, Ron favors complete monetary freedom to use any commodity as money, to make contracts in any money, and an end to the monopolization and printing power of the Federal Reserve. There is a strong piece of history in this book. Not since the 19th century has a political figure made such a sweeping and devastating case for radical monetary reform. This congressman ran circles around even the experts at the Fed. A dazzling performance indeed, and an inspiring and learned book. 245 pages, 6" x 9", paperback
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Of course, there is at least one answer, that is that what we perceive as mistakes are, in actuality, not mistakes, but deliberate choices of courses of action in the absolute awareness of their fatal potential, and that they bring about results that the authors of those choices would gain significant benefits from them.
Would the trusted guardians of out nation's treasures act in such a counter-productive manner?
The irony of this all is that it is the middle class and poor in every society that get bought into the rosy promises of paper currency and it is the same class that has most to lose from it. They fail to realize that paper currency lacks the objective standard of money. Would you exchange the fruits of your labor for free? Well, that's what you do when you accept paper currency in the long run. With Gold standard or any commodity backed money, you exchange value for value.
Wake up America before you are destroyed by this monster.
This book should be required reading for all of the U.S. government, and is highly recommended to all citizens!
Any politician should have on their desk as a standard of reference. A new update for our present times is in order.
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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