Anything short of the discipline and honesty of a true gold coin standard will inevitably self-destruct, consuming our wealth and liberties, and nurturing the omnipotent state.
Lawrence ReedA statesman doesn't try to pull himself up by dragging someboy else down, and he doesn't try to convience people they're victims just so he can posture as their savior.
Lawrence ReedHave you ever noticed how statists are constantly "reforming" their own handiwork? Education reform. Health-care reform. Welfare reform. Tax reform. The very fact that they're always busy "reforming" is an implicit admission that they didn't get it right the first 50 times.
Lawrence ReedPessimism is not only unwarranted, it is also a self-fulfilling prophecy. If you think the cause is lost, it will be. No one works hard for a cause they think will lose.
Lawrence ReedMonetary reform, if it is to be genuine and successful, must sever money and banking from politics. That's why a modern gold standard must have: no central bank; no fixed rations between gold and silver; no bail-outs; no suspension of gold payments or other bank frauds; no monetization of debt; and no inflation of the money supply, all of which have proved so disastrous in the past.
Lawrence Reed