Wednesday, June 10, 2009


Gold Is Meant to Be Money

Think for a second about how awful government provision of a service is, compared to the market outcome, in fields like education, hospital administration, and automobile production. Now realize that the government has given itself an absolute monopoly in the money production industry.

Without government central planning, the market would naturally return to commodities like gold and silver to serve as the money. In fact, if you first tried to imagine an ideal commodity to serve as money, you would end up describing gold. I will go so far as to say that religious people should seriously entertain the idea that God created gold as a precious gift (HT2 Tom Singleton) to serve as a wonderful instrument to aid His children in their voluntary trading.

Then blasphemous men came along and replaced the Lord's wonderful handiwork with green pieces of paper featuring the pantheon of U.S. rulers.

Are you again baiting the atheists among your readership?
I doubt what you say about how Au came into existence, but fiat money is surely the work of the Devil himself!
Post a Comment

Subscribe to Post Comments [Atom]

<< Home

This page is powered by Blogger. Isn't yours?

Subscribe to Posts [Atom]