Ron Paul has been the leading champion of sound money in the Congress. Here he explains why sound money means a new gold standard. The monograph is written in the clearest possible terms with the goal of explaining the basics of paper money and its effects of inflation, business cycles, and government growth. He maps out a plan to bring about a dollar that is as good as go Ron Paul has been the leading champion of sound money in the Congress. Here he explains why sound money means a new gold standard. The monograph is written in the clearest possible terms with the goal of explaining the basics of paper money and its effects of inflation, business cycles, and government growth. He maps out a plan to bring about a dollar that is as good as gold, one that would be protected against manipulation by government and central bankers. Part of that strategy is the minting of a new gold one but the more far-reaching plan involves a redefinition of the dollar and complete monetary competition. This monograph first appeared in 1981, and it has been in wide distribution ever since. Henry Hazlitt writes the introduction, and Murray Rothbard writes the preface.
Gold, Peace, and Prosperity: The Birth of a New Currency
Ron Paul has been the leading champion of sound money in the Congress. Here he explains why sound money means a new gold standard. The monograph is written in the clearest possible terms with the goal of explaining the basics of paper money and its effects of inflation, business cycles, and government growth. He maps out a plan to bring about a dollar that is as good as go Ron Paul has been the leading champion of sound money in the Congress. Here he explains why sound money means a new gold standard. The monograph is written in the clearest possible terms with the goal of explaining the basics of paper money and its effects of inflation, business cycles, and government growth. He maps out a plan to bring about a dollar that is as good as gold, one that would be protected against manipulation by government and central bankers. Part of that strategy is the minting of a new gold one but the more far-reaching plan involves a redefinition of the dollar and complete monetary competition. This monograph first appeared in 1981, and it has been in wide distribution ever since. Henry Hazlitt writes the introduction, and Murray Rothbard writes the preface.
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Rym Bouazizi –
Well this is outdated, but gives a general introduction on economic inflation. Basically: The business cycle is deadly; inflation, deflation, depression and all over again. It results in redistribution of wealth in an "anti-Robin hood" movement. The government benefits greatly and won't stop since it's in power. "Government is the only agency that can take a useful commodity like paper, slap some ink on it and make it completely worthless" So, Ron _yes imma call him by his first name cus I spent tw Well this is outdated, but gives a general introduction on economic inflation. Basically: The business cycle is deadly; inflation, deflation, depression and all over again. It results in redistribution of wealth in an "anti-Robin hood" movement. The government benefits greatly and won't stop since it's in power. "Government is the only agency that can take a useful commodity like paper, slap some ink on it and make it completely worthless" So, Ron _yes imma call him by his first name cus I spent two weeks on his eighty-page 'booklet'_ calls for: the use of a Gold Standard; a gold currency. Many still promote the idea. Arguments are: limiting the government intervention, there'll be no inflation ( can't print gold ), it's scarce, thus there's no way for fraud. I don't know.. is this a good solution? We'd move real slowly up the economic ladder if productivity is paid its exact value in gold. Inflation, on the other hand, makes awesome enterprises possible.
Cormacjosh –
Although written in 1981, this pamphlet written by Dr. Ron Paul is still relevant to the times we are facing today. The numbers need to be updated, and its obvious that predictions of monetary collapse in the 1980’s were slightly off, but all the evidence is clear that such a collapse is coming, it was only delayed. That’s why this short, barely 80 page booklet is so important, so clear and so concise as to the problems that we as a Nation are facing today. I can’t recommend this enough. It is a v Although written in 1981, this pamphlet written by Dr. Ron Paul is still relevant to the times we are facing today. The numbers need to be updated, and its obvious that predictions of monetary collapse in the 1980’s were slightly off, but all the evidence is clear that such a collapse is coming, it was only delayed. That’s why this short, barely 80 page booklet is so important, so clear and so concise as to the problems that we as a Nation are facing today. I can’t recommend this enough. It is a very short read but loaded with essential facts about history and economic law, something of which the education of this country is sorely lacking.
Michael –
This is the most concise explanation of fractional reserve banking, and systematic currency debasement I have ever read. It very clearly shows the transfer of wealth from the hands of the poor and middle class to the wealthy. It also makes some chilling predictions that we are now seeing come to pass, which is shocking considering it was written in 1981. I recommend this be added to the bookshelf of anyone interested in liberty, economics, or history. Thanks Dr Paul, and thanks LvMI for making t This is the most concise explanation of fractional reserve banking, and systematic currency debasement I have ever read. It very clearly shows the transfer of wealth from the hands of the poor and middle class to the wealthy. It also makes some chilling predictions that we are now seeing come to pass, which is shocking considering it was written in 1981. I recommend this be added to the bookshelf of anyone interested in liberty, economics, or history. Thanks Dr Paul, and thanks LvMI for making this seminal work available.
Rob –
This is an excellent introduction to understanding inflation and how it effects the economy and our standard of living. It's packed with historical lessons showing that eventually, the printing of money will have to cease and we will have to deal with the pain of the poor decisions our government has made in terms of our monetary policies. Best go buy some gold & silver for those rainy days that are sure to come. This is an excellent introduction to understanding inflation and how it effects the economy and our standard of living. It's packed with historical lessons showing that eventually, the printing of money will have to cease and we will have to deal with the pain of the poor decisions our government has made in terms of our monetary policies. Best go buy some gold & silver for those rainy days that are sure to come.
Jason Hallmark –
A little dated because of the time that it was initially published, but the core arguments and observations are sound. This book is available as a podcast and reading along side the audio really helped. If this were to be updated to reflect policy developments since the initially publishing, this would become a powerful tool to advance the cause of sound economic policy making.
John Ulrich –
To think this was written 30 years ago and it holds just as true today as then. This was written only ten years after Nixon put the final nail in the coffin by taking us 100% off any gold standard. This is a quick easy read, but the lessons to be learned are innumerable. Take a couple hours to read this important document on the absolute necessity of having a currency backed by precious metals.
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