Without the Fed lending it money and creating dollars out of thin air, the federal government couldn’t operate as it does today.Details
States continue to pass measures that chip away at the Federal Reserve’s monopoly on money by facilitating and encouraging the use of gold and silver.Details
Gold clause contracts provide an avenue for states to promote the use and acceptance of gold and silver, and undermine the Fed’s monopoly on money.Details
The founding generation generally took a dim view of paper money.Details
by Rep Ron Paul
Last week I discussed how sound money contributes to peaceful relationships around the world.Â It is not gold, in and of itself that excites me, but the many benefits of sound money.Â Another benefit is financial security.
Can sound money give you financial security?Â There is something very comforting in knowing that what you earn today will retain its purchasing power in the years to come.Â Indeed, the same silver dime that bought a loaf of bread in the 1960’s can still buy a loaf of bread with its precious metal content â€“ which is worth about $1.00 today.ÂDetails