Economics/Class Relations

Paper Money and the Fed Have Destroyed the Penny and the Rest of Our Money

By on • ( Leave a comment )

THURSDAY, FEBRUARY 13, 2025
This is the shabby secret of the welfare statists’ tirades against gold. Deficit spending is simply a scheme for the “hidden” confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists’ antagonism toward the gold standard.
– Alan Greenspan, “Gold and Economic Freedom” [1966]

HORNBERGER’S BLOG
February 13, 2025
Paper Money and the Fed Have Destroyed the Penny and the Rest of Our Money
President Trump has ordered the U.S. Mint to stop producing pennies. The reason is that it’s too costly to produce them. It costs the Mint nearly four cents to produce one penny. The penny phenomenon is good example of what the federal government — and, specifically, the Federal Reserve — has done to our money. Ever since the Fed and a paper-money system …
Go to the blog

EXPLORE FREEDOM
MONETARY POLICY
Libertarian Angle: FDR’s Executive Order on Gold
by Jacob G. Hornberger and
Richard M. Ebeling
The Future of Freedom Foundation
FREE SPEECH
My Statement to Congress
by Matt Taibbi
Racket News
FREE TRADE
Trump Is Sooooo Wrong on Tariffs
by Murray Sabrin
Murray’s Newsletter
IMMIGRATION
“Careful What You Post”: ICE Expanding Surveillance of Social Media Critics
by Brett Wilkins
Common Dreams
America’s Gulag
by Caroline Tracey
Border Chronicle
CONSTITUTION
The Myth of Emergency Powers
by Andrew P. Napolitano
Washington Times
Who Decides? The Founders’ Forgotten System of Checks and Balances
by Michael Boldin
Tenth Amendment Center
THE FREE SOCIETY
Free Association Fuels Free Enterprise
by Michael Munger
AIER
In Stunningly Bright Colors
by William D. Hartung
TomDispatch
GOVERNMENT
Fifty Shades of Freedom
by Jon Gabriel
Discourse

RECENT FFF ARTICLES
Tariffs: Another Consequence of the Drug War
by Laurence M. Vance
President Trump recently announced additional tariffs on imports from Canada, Mexico, and China — three of America’s largest trading partners…
Trump Watch: Imperialism and Dictatorship
by Jacob G. Hornberger
In this week’s Trump Watch, Jacob discusses President Trump’s imperialist and dictatorial proclivities. Go to the
Statism Was Alive and Well in Ian Freeman’s Appellate Hearing
by Jacob G. Hornberger
Last Wednesday, a three-judge panel of the First Circuit Court of Appeals in Boston, Massachusetts, held oral arguments in the case of Ian …
Norway’s Nonviolent Resistance in WWII: The Power of a Paperclip, Part 2
by Wendy McElroy
On  March 7, 1942, the official media announced that 300 teachers would be required to report for unspecified “social …
The Libertarian Angle: Trump’s Battle Against USAID
by Jacob G. Hornberger and Richard M. Ebeling
In this week’s Libertarian Angle, Jacob and Richard discuss the implications of President Trump’s battle against USAID …
Go to more articles

Categories: Economics/Class Relations

Leave a Reply