Eagle, Idaho (December 7, 2022) – Six outstanding students beat out almost 100 of their high-school and college peers in making the best case for sound money through an international, gold-backed scholarship competition…
…and the winners walked away with a total of $9,500 in scholarship awards for their exceptional, thought-provoking essays.
For the sixth-straight year, Money Metals Exchange, the U.S. precious-metals dealer ranked “Best Overall” has teamed up with the Sound Money Defense League to offer the only gold-backed scholarship of the modern era.
These groups have set aside 100 ounces of physical gold to reward over time those exemplary students who display a thorough understanding of economics, monetary policy, and sound money.
“Students and Americans everywhere are living through the ongoing and deliberate devaluation of the Federal Reserve Note version of the dollar,” said Stefan Gleason, president of Money Metals Exchange.
“We’re pleased to foster a greater understanding of the root cause of this problem through our Sound Money Scholarship program,” continued Gleason.
All scholarship applicants submitted an essay responding to one of various prompts on topics such as the problems of the Federal Reserve System, how a true free market unencumbered by government intervention would handle money, or how America could best restore a gold or bi-metallic standard.
The 2022 Sound Money Scholarship winners are as follows:
- First place ($3,000): Chikwem Ihekweazu, University of Tennessee
- Second place ($2,000): Samuel Peterson, Grove City College
- Third place ($1,000): Jakob Gabaree, Kingwood High School
- Fourth place ($500): Asjia Roberson, University of Southern California
- First place ($2,000): Arturo Moreno, Pennsylvania State University
- Second place ($1,000): Estefania Calmet, Vanderbilt University
With the assistance of Sound Money Defense League and Money Metals Exchange leaders, the following blue-ribbon panel of judges selected the finalists:
- Tho Bishop, Assistant Editor of the Mises Wire, Mises Institute
- Eric Brakey, Former Maine State Senator
- Peter St. Onge, Economist, Heritage Foundation
- Keith Weiner, CEO, Monetary Metals
Since its creation in 2016, the Sound Money Scholarship program has attracted hundreds of applicants representing more than 300 different high schools, colleges, institutes, and universities across more than 40 states, 7 countries, and 4 continents.
“The quality of essays this year was extremely encouraging. It seems with today’s backdrop of record-high inflation, students are keenly aware of the importance of restoring sound money and the role it has played throughout history,” said Jp Cortez, policy director of the Sound Money Defense League.
“The Sound Money Scholarship continues to provide students an opportunity to defray the ever-increasing costs of attending college,” continued Cortez.
The highly excellent (and winning) undergraduate essay written by University of Tennessee student Chikwem Ihekweazu is posted here.