Best Seller The True Gold Standard
The True Gold Standard High quality books The True Gold Standard By:Lewis E. Lehrman Published on 2011-10-05 by The Lehrman Institute This Monetary Reform Plan proposes to establish the framework for an enduring, stable value for the United States dollar; that is, to define the dollar by statute as a certain weight unit of gold to be coined into lawful money.Long associated with free market prices, mobile factors of production, and free people, a |dollar convertible to gold|* is warranted by the United States Constitution in Article I, Sections 8 and 10 (see Appendix I). A monetary standard of precious metal (gold and silver) was the institutional monetary foundation, the gyroscope, of the great Industrial Revolution of the western world, giving rise at the birth of the American Republic to a reasonably stable American currency. Wars did interrupt stability and growth. But over the long run, economic productivity and population expansion led to unprecedented prosperity. They were hallm...