GOLD: Why should gold be money? No bureaucrats required!

2017-Jul-16

From (the brilliant) Alasdair Macleod: “Understanding Money and Prices”

“Gold matters, because, excepting silver, it is the only form of money that has survived since individuals discovered the convenience of money over barter. It is beyond the control of governments, as they cannot issue it without acquiring it first. It is subject to the constraints of its quality, so that as a medium of credit it cannot be debauched, only defaulted upon. Its relative inflexibility and its soundness are the primary reason governments do not like monetary gold, and force their preferred alternative on their citizenry. The vested interest of government is therefore to discourage, or even ban the use of gold as competing money.”

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Imagine the world without any “central banks”?

Imagine the world without bureaucrats “setting” interest rates?

Imagine the world without politicians borrowing “money” to spend to buy votes?

Sounds like a pretty good world to me.

You could save for your retirement and know that Gooferment “inflation” couldn’t steal your wealth from you.

If a politician wants to start a war, then they have to pay for it.

If a bureaucrat wants to increase his staff, then they have to pay for it.

If the “community organizer” wants to get “free” stuff, then they have to pay for it.

Go ahead “raise taxes” and see how that worshippers out for you.

Argh!

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