Libertas

“War is never economically beneficial except for those in position to profit from war expenditures.” ~Ron Paul

Dr. Ron Paul "Truth is reason in the empire of lies."

Many people who agree with Ron Paul on other issues do not understand his enthusiasm for gold and sound money. Nor do they understand why he spends so much time studying and talking about monetary policy and the part gold used to – and could – play. Ron Paul does talk about money differently than most people, because, sound money offers many benefits: for example, peace.

His foreign, economic, and monetary policies are intertwined and based on freedom.

How can sound money bring about peace? The reality is, money plays a big part in peaceful international relationships.

He reminds us that governments cannot manipulate commodity based money, like they can with paper. It an important component to free and honest trade. We know from history that nations engaged in trade with each other tend not to go to war but instead find ways to get along.

Do businesses kill their annoying costumers? Why not? It’s not profitable. If you are cheated, you may engage in “war” by going to court.

Central banks and governments with unlimited power to manipulate the currency also can and do cheat their creditors. All they have to do is create enough currency to pay off the debts. This “counterfeiting” devalues the currency, cheating the  creditors of what they are owed.

Are you sure you want to buy T-bills?

Is it fair to water down the whiskey the way governments water down their currency? Is it hard to understand why loose monetary policy contributes so much to ill will and war around the world?

By removing the government’s power to manipulate money, through the strict discipline of linking the money supply to a rare commodity such as gold, keeps the government from spending, printing and robbing the people of their wealth through inflation. If the government cannot create money, it is limited in what it can do and afford.

Sound money, therefore, limits the government’s ability to wage wars of aggression. How much more careful would the bastards have to be if they couldn’t counterfeit their way to war?

Fiat currency allows the government to do expensive things it should not do while paying the bills with worthless paper. The Federal Reserve has recently been auctioning off large amounts of Treasury Bills to finance the wars in Iraq, Afghanistan, and now Pakistan (now we have to worry about Pakistanis bombing too) as well as our crushing entitlements. The devaluation of the dollar is quickly destroying our reputation as a good trading partner in the world. So it shouldn’t be surprising that  there is now more talk of economic isolation and war.

Americans do not want this vicious cycle of spending, fighting and inflating, but it is what the government wants. The government has to deceive the citizens in order to allow and support the wars and destruction of their wealth. Sound money limits the government’s ability to rob and kill. It limits its warmongering to wars of defense, ones worth fighting for.

So, is it any wonder why the state hates gold?

Is it any wonder why the welfare state or warfare state hates gold?

Gold is the stake in the heart of the beast!

Recommended:

End The Fed by Ron Paul

The Revolution: A Manifesto by Ron Paul

What Has Government Done To Our Money by Murray Rothbard