Foundation for the Advancement of Monetary Education

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The Most Important Worker Right: The Right to be Paid with Real Money

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You are here: Home / Archives for legal tender

How Real US Money Became Bogus, aka, Fiat, Money

June 7, 2015 by Larry Parks

United States Silver Money This is silver money. It is in fact and in law a one dollar coin as provided for by the Coinage Act of 1792. It is in conformity with the dollar referred to in the 7th Amendment to the Constitution. This is not a dollar. It is a promise to pay […]

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Filed Under: Articles, Constitution & Legal, Investment Gold, Larry Parks, Monetary System Tagged With: Constitution, fraud, Gold, Larry Parks, legal tender, pensions, silver

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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Meaningful Insights

“All the perplexities, confusion and distresses in America arise not from defects in the constitution or confederation, nor from want of honor or virtue, as much from downright ignorance of the nature of coin, credit, and circulation.”++

— John Adams, letter to Thomas Jefferson

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