Reversing Gresham’s Law: How Sound Money Could Drive Out Fiat
Gresham’s Law is an economic maxim that states “good money” drives out “bad money.” But under the right circumstances, it might be possible to reverse Gresham and do the opposite. Named in 1857 by economist Henry Dunning Macleod after Sir Thomas Gresham, an English...
Paper Money: The Founders Warned Us!
“The evils of paper money have no end” That’s how Thomas Paine put it, but he was far from alone. The Founding Fathers were deeply worried about the dangers of paper money, because they lived them first hand. They repeatedly warned us about how it would give us price...
Bringing Back Gold Clause Contracts: A Challenge to the Fed
One of the ways the government maintains its fiat money system is by throwing up legal and regulatory roadblocks to those wanting to use real money. Bringing back gold clause contracts removes one of those barriers. The principle behind a gold clause contract is...