It’s Time to Start Retiring the National Debt:
Most Americans know that our country has a huge and growing debt problem. Most think that is a bad thing, but it never seems like an immediate threat. Imminent threats such as terrorist strikes do catch everyone’s attention and do call for action by our politicians and policy makers, but national debt doesn’t.
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Now, since basically no one noticed when Nixon took us off the gold standard (me included), I see no reason to try and argue the case for returning to a gold standard by trying to educate the electorate on this matter. Rather, we just need to educate a presidential candidate and influence his pick for Secretary of Treasury. Ideally, a Secretary who understands this subject. Then we need to elect members of Congress that believe in the sanity of a gold standard, and act on it. And that’s the end of my sermon.
What are the upsides of returning the dollar’s link to gold?
(1) No more inflation, which benefits savers, i.e., the value of money put into savings is “protected” from eroding away through inflation.
(2) Businesses that plan to expand would now be able to reliably predict future expenses, thus stimulation of business expansion.
Check out the other upsides in my book Return to Capitalism !
My book is about the future, and the readers I wish to attract are the younger generations, especially those people attracted to liberal, progressive and socialistic ideals. The young tend to reject capitalism because anti-capitalism is all they’ve been taught. Thus, they believe that business is in the business of making money and not helping the poor or the environment. They have established views on the horrors of greed.