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Tuesday, February 19, 2008

Let's Legalize Competing Currencies


"Without the ability to inflate the currency, governments find themselves . . . unable to carry on wars of aggression or to appease their overtaxed citizens with bread and circuses. . . . Restoring soundness to the dollar will remove the government's ability and incentive to inflate the currency, and keep us from launching unconstitutional wars that burden our economy to excess."

--from "Let's Legalize Competing Currencies" by Ron Paul at
http://www.lewrockwell.com/paul/paul434.html.

Government pays for its wars by taxing, by borrowing, and by expanding the money supply. Money is too important to be left to the economists, too important to be left to the politicians, and certainly too important to be left to the bureaucrats like Ben "helicopter" Bernanke. If Americans really want peace, they have to put a stop to the government's ability to expand the money supply at will. Legalizing competing currencies would get us back on the path to peace.

I wonder: where do McCain, Huckabee, Clinton, and Obama stand on this issue?

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