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You are here: Home / Archives for gold eagle

Six Reasons Why Promoting the Gold Standard is a Mistake

June 4, 2015 by Larry Parks

Promoting the “gold standard,” even with modifiers such as “classical,” “pure,” “100%” and others, or any monetary regime whereby paper money is “backed by,” “redeemable into,” “pegged to” or in any other way related to gold is a mistake for six reasons: The gold standard is not authorized by the Constitution. The only money authorized […]

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Filed Under: Articles, Banks, Constitution & Legal, Debt, Federal Reserve, Larry Parks, Monetary System Tagged With: Dollar, gold eagle, gold standard, Larry Parks, legal tender, note, promissory note, silver dollar, United States money

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