Lux Lucet

“More and more people are asking if a gold standard will end the financial crisis in which we find ourselves.  The question is not so much if  it will help of if we will resort to gold, but when.  All great inflations end with the acceptance of real money – gold – and the rejection of political money – paper.  The state is now set; monetary order is of the utmost importance.  Conditions are deteriorating, and the solutions proposed to date have only made things worse.  Although the solution is readily available to us, powerful forces whose interests area served by continuation of the present system cling tenaciously to a monetary system that no longer has any foundation.  The time at which there will be no other choice but to reject the current system entirely is fast approaching.  Although that moment is unknown to us, the course that we continue to pursue will undoubtedly hurtle us into a monetary abyss that will mandate a major reform.”

     – The Case for Gold

Timley quote, you say?  Indeed it is.  But what’s amazing about the above paragraph is that it was written by Ron Paul way back in 1982.  Those who were alive then recall the early years of the Reagan administration were tought economic times, tough enough to prompt Congress to at least study the possibility of returning the country to the gold standard.  And if people in 1982 were concerned about out of control federal spending, deficits and inflation,  how much more should they be today!

I highly recommend this book.  It’s an outstanding monetary history of the United States and presents a case for sound money that’s consistent with what Scripture teaches on the subject.  Another thing about this book of interest to Scripturalists is this: if you look real close at the Acknowledgments page, you’ll see that a certain John Robbins is given credit for his assistance with the book.  A while back I read somewhere – I want to say it was on Sean Gerety’s God’s Hammer blog – that John had a large hand in writing the book, much larger that the Acknowledgments lets on.