February 18, 2008

Rothbard Saves the Day

Writes Tim Wallace: "This evening, my daughter's fiancé (a 'college graduate') and I got into a discussion on monetary policy and the gold standard. As my daughter watched, this guy sharply raised up several arbitrary, ignorance-based objections to what you and I know as sound money. But thanks to my (still admittedly very limited) education in Austrian economics and (factual) American history, his every argument fell flat.

"The last thing he tried to suggest was that going off the Gold Standard might have been a good idea. I broke open a What Has Government Done To Our Money? / The Case for a 100 Percent Gold Dollar and The Case Against the Fed bundle and offered a final challenge: 'Either tell me right now exactly why "we" went off the Gold Standard, and exactly why it was a good idea — or else agree to read these books.'

"The guy took the books(!). (I just ordered some replacement copies.)

"I'm thankful to you and everybody at Mises.org for making/keeping those books, and so many others, available."

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