Thursday, October 18, 2012

Golden Oldie II

"Now, we will step down through the pages of history to 1873 in the good old U.S.A., when silver was demonetized and gold was made the standard money. If you think that the price of money can't be changed, just get your business graph and see what happened to the prices of 'things' in the longest 'depression' the U.S. had ever experienced up to that time. As it worked with the 'half-shekel of the sanctuary,' so also it worked with the Gold Standard." --Fabious Melton Butler writing during the early thirties.

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