Noah Kristula-Green October 7th, 2011 at 12:28 am 47 Comments
The Heritage Foundations’ ‘Sound Money’ conference gathered many individuals convinced that something needs to be done to change the monetary system. The strategy advocated by some members of a panel (entitled, “Congressional Changes”) was to offer gold as a ‘competitive’ currency option at the state and national level.
Gold standard advocates have had some success with state-level laws but they are also interested in laws at the national level which will give preferences and advantages to individuals who either already own gold or individuals who plan to make gold investments. Even if a gold standard is not adopted, some gold owners and investors may still benefit from the proposed changes. (Though the question should be asked: at whose expense?)