Ron Paul: Gold is good money so let it compete

GATA

U.S. Rep. Ron Paul today explains (again) why gold is good money and why his legislation to facilitate competition in currencies is necessary to defend the people against the government.

“Earlier during this Congress,” Paul writes, “I introduced the Free Competition in Currency Act (H.R. 1098) to permit people to use gold as money again. By eliminating taxes on gold and other precious metals and repealing legal tender laws, people are given the option between using good money or fiat money. If the government persists in debasing the dollar — as money monopolists have always done — then the people would be able to protect themselves by using alternatives such as gold that are both sound and stable.”

Paul’s commentary is headlined “Gold Is Good Money” and it’s posted at the congressional Internet site here:

http://paul.house.gov/index.php?option=com_content&view=article&id=2016:…

Buy the book “Money, Sound & Unsound” by Joe Salerno

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