Andrew Napolitano - Return To Sound Money

Judge Napolitano argues for a return to the gold standard. http://www.LibertyPen.com

Category:

News & Politics

Tags:

• gold
• standard
• central
• bankers
• cash
• currency
• wealth
• return
• Nixon
• treasury
• Lincoln
• FDR
• paper
• prohibit
• Constitution
• precious
• metals
• principle
• people
• powers
• courts
• uphold
• tyranny
• liberty
• prosperity
• government
• money
• scarcity
• value
• worthless
• silver
• trade
• taxation
• outlaws
• bread
• inflation
• free
• market
• abolish
• legal
• tender
• Federal
• Reserve
• burdens
• Washington
• bureaucrats
• banks
• private
• coin
• economy
• regulation
• supply
• demand
• force
• fraud
• FDIC
• insurance
• opportunity
• taxpayers
• devalue

[karozans]

I only have one question. When the hell is the Judge going to run for president?

[SuperSneakySteve]

Great video. RON PAUL 2012!

[jackedup2077]

I like the idea of returning to a precious metal standard

Too bad I don't trust banks that much

If the constitution doesn't allow the state to coin money, why would the banks be allowed to?

Why would I want private insurance to insure my money? why would they need to if it was backed by gold/silver?

[jello388]

Returning to sound money is easy:

* It's constitutional (example), the coinage act of 1792 puts "United States Mint" solely in charge of producing monetary funds legitmately without creating a bureaucracy! This of course, should have accountability from it's legislatures of congress on behalf of citizens consent. So, I believe an additional amendment giving provisions for citizens to elect monetary representatives, would help further regulate the powers of central government conservatively!

[ndyt]

@fzqlcs, The value of our money went down because the gov out spent the tax base. Gold's price is now much more volatile now then it was in the lase century thanks electronic and global trading.

[fzqlcs]

@ndyt Backed by gold, the purchasing power of the America dollar lost only one percent in our first century as a nation. In the last century, when backed by thin air, the dollar has lost 98 percent of its purchasing power. Look it up. That is why a $20 gold piece in 1910 now has a gold value of over $1500. Counterfeiting reduces purchasing power whether it is legal or not. You go Judge!

[ndyt]

What a load of crap. The value of our money would rise and FALL with the price of gold! That is CRAZY! You want your money tied to your tax base which means more then gold (gold really is worthless if you think about it) just don't out spend your tax base: debt.

[SuperGuitarman69]

Is it possible for one of us (an American citizen) to take the Federal Reserve to court? And if so, then why don't one us do just that?

[MrFreeLibertarian]

@fyrewolffe Well based on Section 10, technically it would be a gold and silver standard, but I agree that given the current conditions, a gold and silver standard would be better than us printing money until the dollar is worthless.

[fyrewolffe]

@MrFreeLibertarian

For all we know this could mean that the Congress is prohibited from creating a blanket currency for the nation at large, but rather a currency for international trade. However we do know that the founders established a gold standard for the nation, and frankly I shouldn't think a return to such would be a terrible idea at this time.