Article I, Section 8 of the United States Constitution<\/a>:<\/p>\n\u201cTo coin money, regulate the value thereof, and of foreign coin, and fix the standard of weights and measures . . . .\u201d
\nThe Founders knew Congress wasn\u2019t going to be made up of experts so they adopted the KISS principle (Keep It Simple, Stupid) which, in those days, meant Gold or Silver coins of a known weight and purity. Easy to recognize, hard to counterfeit, holds its value internationally and over time.
\nModern experts can argue whether the gold standard is good or bad, but one thing\u2019s for sure \u2013 it\u2019s much harder for a privately held corporation to flood the market with trillions of dollars\u2019 worth of gold coins in response to political pressure than it is to dump $40 Billion dollars of electrons into the economy, month after month, without any oversight at all.
\nJoe Doakes<\/p><\/blockquote>\n
Remember how the Catholic Church used to kill people who translated the Bible from Latin to “Vulgate”, regular languages?<\/p>\n
Sometimes it feels like the government wants to put its entire body of laws, constitution included, in a separate language that nobody understands.<\/p>\n
And looking at the way our schools are performing these days, that language just might end up being English\u2026<\/p>\n","protected":false},"excerpt":{"rendered":"
Joe Doakes from Como Park emails: The Federal Reserve doesn\u2019t like Sen. Rand Paul\u2019s proposal to have the federal government audit the Federal Reserve. \u201cWho in their right mind would ask the Congress of the United States \u2014 who can\u2019t cobble together a fiscal policy \u2014 to assume control of monetary policy?\u201d Richard Fisher, president […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-51178","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts\/51178","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=51178"}],"version-history":[{"count":2,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts\/51178\/revisions"}],"predecessor-version":[{"id":51184,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts\/51178\/revisions\/51184"}],"wp:attachment":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=51178"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=51178"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=51178"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}