The Case for Gold, Second Edition
This is the LvMI 2nd Edition! Pocket sized 5" x 7" and with a new foreword by Llewellyn H. Rockwell, Jr.
Here is the revolutionary book on monetary reform - brilliant, compelling, clear, with specific reforms to do now - in an edition for global distribution. See the price. And the format is really a pocket edition edition: extremely small format that is super convenient. This edition is specifically designed to be purchased in large quantities.
Had the U.S. followed the recommendations of this wonderful report when it came out in 1982, there would have been no housing bubble, no gigantic government debt, no depression, no economic upheaval, no high unemployment, and no international turmoil. This was a window of opportunity for reform. This is proof that Ron was right.
In 1982, Ron Paul served on the U.S. Gold Commission to evaluate the role of gold in the monetary system. In fact, the Commission was his idea. It was carrying forth a promise made in the Republican platform. Back then, Republicans at least made noises about favoring a gold standard based on a gold dollar.
Ron couldn't pick the members, so from the beginning, the deck was stacked. The majority was dominated by monetarists, who saw gold as too scarce and paper as just fine. Ron Paul's team was ready, however, with this marvelous minority report.
Rarely has a dissent on a government commission done so much good!
The result was The Case for Gold, and it was the greatest result of the commission. It covers the history of gold in the United States, explains that its breakdown was caused by governments, and explains the merit of having sound money: prices reflect market realities, government stays in check, and the people retain their freedom. The recommendations include re-establishing a gold standard and a gold dollar in addition to permitting monetary competition and the private production of moneys.
The scholarship and rigor impressed even the critics of the minority. Ron and Lewis Lehrman worked with a team of economists that included Murray Rothbard, so it is hardly surprising that such a book would result.
It still holds up as an excellent blueprint for moving beyond paper money and into the age of sound money. In particular, Ron favors complete monetary freedom to use any commodity as money, to make contracts in any money, and an end to the monopolization and printing power of the Federal Reserve.
There is a strong piece of history in this book. Not since the 19th century has a political figure made such a sweeping and devastating case for radical monetary reform. This congressman ran circles around even the experts at the Fed. A dazzling performance indeed, and an inspiring and learned book. This remains the best possible case for a gold dollar and monetary freedom in print in our times.
The pocket edition is the ideal format to give this book the attention and influence it deserves.
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LibraryThing ReviewUser Review - matthewloewen - LibraryThing
The Case for Gold is an excellent history of Monetary Policy in America. The majority of the book walks you through the history of coinage and fiat currency in America. It is a good reference to show ... Read full review
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American bank credit Bimetallism capital central bank circulation Civil coinage colonies Congress contraction Cooke country banks crisis currency debased decade deficits deﬂation Democratic depreciated economic growth England exchange expansion export federal government Federal Reserve Federal Reserve System fiat ﬂow ﬂuctuate fractional fractional reserve banking gold and silver gold coins gold standard greenbacks Gresham’s Law hard-money high interest rates increase Index inﬂation inﬂationary inﬂuence interest rates investment issue Jacksonians legal tender loans Massachusetts massive ment million minted Monetarism monetarists monetary freedom monetary system money supply National Banking System notes and deposits ounce Panic paper money party percent period pietists political production public debt purchase pyramiding on top redeem redemption reform Republicans reserve banking reserve city banks reserve ratio result resumption rise rose savings silver coins silver dollars Spanish silver dollar specie payments speculation Suffolk taxes U.S. government United wage weight York