THURSDAY, FEBRUARY 13, 2025
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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] |
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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 … |
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