Gold Money Is the Root of All Good; Paper Money Is the Root of All Evil
~ A Blueprint for a New Gold Coin Standard ~
Millions of people who have read Ayn Rand’s 1957 monumental work “Atlas Shrugged” must have been impressed by an insert that could be entitled “Hymn to Money”. This insert is buried in the 1600 pages of the novel and is difficult to find. However, it is a self-contained literary masterpiece in its own right. For these reasons it may be a good idea to publish it separately.
Some remarks may be in order. Ayn Rand uses the word “money” in the sense of gold money. This may not be in line with current usage, but it is certainly correct etymologically. The English word “money” is derived from the Latin moneta, meaning “forewarner”, epithet of the goddess Juno. Her temple on the Roman Capitolium doubled as the Mint where the gold and silver coins of Rome were struck. Continue reading
In these days of rampant inflation, it’s imperative that we return to the gold standard – and the real thing too. By this I mean the classical gold standard, not the so-called “gold exchange” standard, and with no fractional reserve banking, just as the great Murray Rothbard wanted. In what follows, I’ll discuss some of the economic issues below, but it’s important to realize that it’s a moral issue as well. 
In the 19th century, notes Murray N. Rothbard, debates on monetary issues were highly public and intensely controversial. Do you favor the national bank? The gold standard? Bimetallism? What is your opinion of the free silver movement? What is most important: a highly liquid money stock that can prop up commodity prices, or a sound dollar that promotes thrift and discourages debt accumulation?
Policymakers have a terrible habit of ‘solving’ problems by pretending they don’t exist. This is how they ‘solved’ the bank crisis last year. But as I point out below, the fundamental problems didn’t go away. And now that the Fed stopped pretending, we already have our first bank failure.
Will the Second-Most Powerful U.S. Bank Finally Explain Why It ‘De-Banks’ Christian Customers?
What you are about to read, takes me back to the year 2000, as I studied and compiled information and data for weeks in preparation for another of my lengthy broadcast marathons – one which in fact was eventually presented as an eight hour series. In addition to that, it was in fact a “Sequel” to a previous six-hour series, “All the King’s Men,” which told the TRUE story of the 1929 Stock Market Crash, which thrust America into the Great Depression.
I know you, like me, have parents or grandparents that lived through the Great Depression and will never forget it. Ever since, they saw saving money as absolutely essential. This was even more true for my homesteading grandparents whose very survival could come down to a few bills hidden under the mattress during a tough winter month. Yet, by the 1950s, millions of Americans were borrowing billions of dollars to buy everything from toasters to holiday trips.
It has yet to be fully unveiled, but the United States has been 
