Gold is not money, writes Sean Corrigan, and this is one reason we are on a path where genuine entrepreneurialism and the creation of real wealth are very much hampered. It is a path whose weary milestones are scored with the wasteful disincentives of welfarism and which is misleadingly signposted with the daubings of post-modernist voodoo, its billboards shrieking the slogans of group victimhood and emblazoned with demands for the suppression of the individual. It is a path whose crumbling paving stones are being overrun by the toxic, green shoots of that shrill new Inquisition which is today’s cult of environmentalism. FULL ARTICLE.
Source link: http://archive.mises.org/5086/what-does-the-high-price-of-gold-mean/