Showing posts with label economic freedom. Show all posts
Showing posts with label economic freedom. Show all posts

Monday, September 2, 2013

Gold and Economic Freedom

It is hard to believe former Fed Chairman Alan Greenspan wrote this, but that he did in 1966--BEFORE he was Fed Chairman.

http://constitution.org/mon/greenspan_gold.htm
An almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions. They seem to sense - perhaps more clearly and subtly than many consistent defenders of laissez-faire - that gold and economic freedom are inseparable, that the gold standard is an instrument of laissez-faire and that each implies and requires the other.

In order to understand the source of their antagonism, it is necessary first to understand the specific role of gold in a free society. 

Money is the common denominator of all economic transactions. It is that commodity which serves as a medium of exchange, is universally acceptable to all participants in an exchange economy as payment for their goods or services, and can, therefore, be used as a standard of market value and as a store of value, i.e., as a means of saving.

Friday, January 22, 2010

The link between economic opportunity and prosperity

For those who question the advantages of a free society with personal property rights, please click on this link by the Heritage Foundation:

http://www.heritage.org/index/Ranking.aspx

The limited role of government also factors into the economic freedom equation.