Inflation and the Police State

The feds long ago got rid of silver in the coins, as their relentless depreciation of the dollar made the metal worth more than the denomination. Then, even the copper in the penny became too valuable, and so the US Mint changed its composition to copper-planted zinc. Now even the metal in that penny, and the cupro-nickel nickel, is worth more than a penny and a nickel. So the feds pull out the gun again. The US Mint is threatening jail terms and large fines for anyone who melts down or exports his own pennies and nickels, while it prepares to copy the ugly dime and quarter, and use even cheaper metals. As part of this general plan, the Mint is also producing cheapo dollar coins of all the deified presidents, on the pattern of the Sacagawea, to replace the paper buck. Can plastic tokens of our Caesars be far behind? (Thanks to Sean Corrigan.)

The Best of Llewellyn H. Rockwell, Jr.