Saturday, June 20, 2009


Franklin Sanders, the "most dangerous man in the mid-South"

Betsy Hansen, a summer fellow at the Mises Institute, has a good article today at LRC describing the fate of a guy who fought the fiat money system:
Mr. Sanders fought gallantly given the impossible circumstances in which he found himself. He ran a gold and silver bank for more than a decade, serving customers in Mississippi, Arkansas and Tennessee. His hope was to run his business as a truly free bank, such that he would exchange Federal Reserve notes for gold and silver – and here is the kicker – he tried to do that without charging sales tax on the exchanges. It is true, what Mr. Sanders was doing was entrepreneurial suicide, but you have to give him credit for showing courage and tenacity.
Last year I met a fairly wealthy personal investor, and one of the handful of people he read religiously was Franklin Sanders aka The Money Changer.

I came across "The Money Changer" a while back while jumping around various econ blogs.

Didn't know who Franklin Sanders was or what he did, just found some of the articles fascinating. The interview with John Exter is great:
Anyone who read Franklin Sanders religiously was committing a sin, at the very least.
Sanders is a great guy. This is my favorite of his articles.

On Losing Heart
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