Chasing the Gold Standard

Today I’m going to go with “God, Gold, and Guns,” which you will notice is in alphabetical order. We don’t discuss religion in the Bar, politics and economics being quite controversial enough, so that leaves us with Gold and Guns.

We can deal with the Gun facet pretty easily: if a government doesn’t have “guns” (i.e., military forces sufficient to deal with less than friendly neighbors), it won’t be long before a nation is absorbed by more belligerant and better-armed forces. If the people don’t have guns, governments tend to overreach. When the people don’t have guns, crime rises.

Which brings us to everyone’s favorite topic, shimmering metals, and, in particular, the much-disputed question of whether they are a “barbaric relic” or the best means of assuring both a stable monetary system and preventing governments from inflating through the printing press.

Amazing, isn’t it, how putting matters simply can make them much clearer? Why doesn’t any government have a gold standard? Because there was too much “money” and power to be gained by going to fiat currency.

The feds use funny money to deceive us into believing we have more wealth than we actually have. It's an illusion that has been working for almost a hundred years.