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How Sound Money Won the Battle of Yorktown—and Saved the American Revolution

Started by Epoch-Times-Bot, Oct 18, 2022, 10:15 PM

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Epoch-Times-Bot

Oct 18, 2022, 10:15 PM
How Sound Money Won the Battle of Yorktown—and Saved the American Revolution

Early this month, U.S. Rep. Alex Mooney (R-W.Va.) introduced the Gold Standard Restoration Act (H.R. 9157). If enacted into law, it would require public disclosure of the federal government's gold holdings and eventually define the dollar as a weight of gold.
For the moment, the bill's chances of passage are as nil as nil gets. Sound money, whether it's gold or silver or paper that is "backed" by one or both metals, may not acquire a sizable constituency again until a monetary disaster demands it. That's a sad commentary on the general state of economic knowledge. In the meantime, we can at least hope that Mooney's bill may stimulate a long-overdue discussion....

Source: How Sound Money Won the Battle of Yorktown—and Saved the American Revolution

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