YAL in Action

Check out YAL activities on campus and updates from around the liberty movement.

Tag: Gold Standard
  • Blood Standard: A Lesson on our Currency’s Real Value

    The idea of life in a pure free market freaks a lot of people out; especially those on the left. They believe that only the rich and selfish will win, and the result of an Atlas Shrugged society will be a corporate plutocracy. Drastic cuts to public service and assistance programs also scares many people, especially the …

  • Misconceptions about the Gold Standard

    With the faltering dollar and the ascent of Ron Paul’s intellectual influence, the idea of the gold standard has received an increasing amount of attention over the past few years. Naturally, the policy proposal often associated with libertarians has been harshly criticized by those who would prefer the government to have the power to print …

  • The Case for Bimetallism and Commodity Currencies

    There is an old classical story about a king named Midas who made a wish with the gods that everything he touched would turn into gold. At first, things seemed to be excellent. He had gold blankets, a gold table, a gold castle. But after awhile, things did not seem so good. Every time he …

  • Don’t Crucify Our Economy on a Cross of Bad Economics

    I ran across this article by Matthew O’Brien of The Atlantic where he goes on a predictable tirade against the evils of the gold standard. Why, if we disallowed central monetary planning, then we’ll be leaving market decisions to the market. God forbid! This article reeks of the arrogance of mainstream economists who can pull …

  • Forty Years of Fiat Money: A Lament

    August 15, 1971…a date which will live in infamy. Behind closed doors and under a cloak of silence, President Nixon and his trusted team of Treasury officials and economic advisors decided on one of the most dramatic economic moves in American history:  They removed the dollar from the gold standard. The decision came at a …

  • Philadelphia Family Inheritance Seized by Federal Government

    A federal jury has ordered a family’s set of rare 1933 “double eagle” gold coins to be returned to the federal government due to their illegal release to the public. According to the ruling, the set of coins, arguably some of the rarest and most valuable coins ever minted by the federal government, were illegally …

  • Gold Standard Increasing in popularity

    Last year Robert Zoellick, the head of the World Bank, suggested that countries consider a return to some form of a gold standard.  He said that “Although textbooks may view gold as the old money, markets are using gold as an alternative monetary asset today.” Within 24 hours, Zoellick’s comments were attacked by many economists arguing …

  • What is Your Currency of Choice?

    Shouldn’t you have a choice? What is valuable to you? Do you love paper so much that you’ll work 40 hours a week for it to put food on the table? More at www.silverunderground.com.

  • David Frum’s Critique Is Far From Sound

    In his weekly CNN column, David Frum argues that “Ron Paul’s money plan is far from golden,” but makes a lot of mistakes in his analysis. He uses the same tired, old, and refuted Keynesian argument that a free monetary system based on gold currency is too inflexible. He argues the Great Depression happened because …

  • Gold Standard Here We Come?!

    In South Carolina, Representative Mike Pitts put forward legislation to ban Federal currency and replace it with gold and silver coins. If the federal government continues to spend money at the rate it’s spending money, and if it continues to print money at the rate it’s printing money, our economic system is going to collapse.  Unfortunately, …