Unlike the days of the gold standard, it is impossible for the Federal Reserve to go bankrupt; it holds the legal monopoly of counterfeiting (of creating money out of thin air) in the entire country.
Murray RothbardI see a great future for gold and silver coins as the currency people may increasingly turn to when paper currencies begin to disintegrate.
Murray RothbardJust as no one is morally required to answer a robber truthfully when he asks if there are any valuables in oneโs house, so no one can be morally required to answer truthfully similar questions asked by the State, e.g., when filling out income tax returns.
Murray Rothbard