The Case For A Gold Standard

[Smaulgld]

https://smaulgld.com/the-case-for-a-gold-standard/

[merkelstan]

Maybe after a wealth purge? End the interventionist state. Then zero-out the account balances of those whose wealth is the result of fiat fraud.

I understand it sounds like I'm not respecting property rights, but what happens when the unit of account no-longer represents earned income, but fraudulent income?

What percentage of money held now is truly earned? What percent was printed and given (through various schemes of indirection) to friends of the fiat regime?

Joe Salerno gives us pause to consider the results of inaction: https://mises-media.s3.amazonaws.com...%20Salerno.mp3

[Swordsmyth]

Maybe after a wealth purge? End the interventionist state. Then zero-out the account balances of those whose wealth is the result of fiat fraud.

I understand it sounds like I'm not respecting property rights, but what happens when the unit of account no-longer represents earned income, but fraudulent income?

What percentage of money held now is truly earned? What percent was printed and given (through various schemes of indirection) to friends of the fiat regime?

Joe Salerno gives us pause to consider the results of inaction: https://mises-media.s3.amazonaws.com...%20Salerno.mp3

There is a point where that would be necessary in spite of the terrible precedent it would set, I'm not sure if we have reached it yet though.

[Krugminator2]

Maybe after a wealth purge? End the interventionist state. Then zero-out the account balances of those whose wealth is the result of fiat fraud.

I understand it sounds like I'm not respecting property rights, but what happens when the unit of account no-longer represents earned income, but fraudulent income?

What percentage of money held now is truly earned? What percent was printed and given (through various schemes of indirection) to friends of the fiat regime?

I would be okay executing any elected politician who proposed this.....

We're not Making America Venezuela Again.