Gold was an objective value, an equivalent of wealth produced. Paper is a mortgage on wealth that does not exist, backed by a gun aimed at those who are expected to produce it.
Ayn RandThrough all the years that I spent formulating my philosophical system, I was looking desperately for โintelligent agreementโ or at least for โintelligent disagreement.โ I found neither. Today, I am not looking for โintelligent disagreementโ any longer ... What I am looking for is intelligent agreement.
Ayn RandThe [U.S.] Constitution is a limitation on the government, not on private individuals ... it does not prescribe the conduct of private individuals, only the conduct of the government ... it is not a charter for government power, but a charter of the citizen's protection against the government.
Ayn Rand