Should The Dollar Be Backed By Gold? Authored by Jacob Hornberger via The Future of Freedom Foundation, Amidst all the talk about the Federal Reserve’s high interest-rate policy to combat its many years of monetary expansion and debasement, some people advocate the restoration of the monetary system on which the United States was founded — one in which, they say, the dollar was “backed by gold.” But there is one great big flaw in that idea: Under America’s founding monetary system, the dollar never was “backed by gold.” Instead, the official money of the nation for more than 125 years… — Continue at ZeroHedge News : Read More
