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Arizona Challenges the Fed’s Money Monopoly

History shows that, if individuals have the freedom to choose what to use as money, they will likely opt for gold or silver.
Of course, modern politicians and their Keynesian enablers despise the gold or silver standard. This is because linking a currency to a precious metal limits the ability of central banks to finance the growth of the welfare-warfare state via the inflation tax. This forces politicians to finance big government much more with direct means of taxation.
Despite the hostility toward gold from modern politicians, gold played a role in U.S. monetary policy for 60 years after ...


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