The Ludwig von Mises Institute

Advancing the Scholarship of Liberty in the Tradition of the Austrian School

Source link: http://archive.mises.org/7677/can-you-hear-gold-laughing-at-bernanke/

January 20, 2008 by Karen De Coster

SHARE IT:

Email This

Control-freak politicians abhor gold because it ignores them; it won’t do what it’s told. It defies economists and laughs at central bankers.

{ 5 comments }

Bernie January 21, 2008 at 7:09 am: This is an interesting article on two counts. Firstly it is a well written piece and describes the actual situation. Secondly I suspect it was inspired by Ron Paul’s current campaign and yet gives no mention of him.
fundamentalist January 21, 2008 at 9:31 am: Great article! Isn’t the Telegraph one of the more left-wing papers, or do I have it confused with another?
Yumi January 21, 2008 at 9:58 am: The Daily Telegraph is traditionally conservative, a.k.a. the Daily Torygraph. Left-leaning papers in the UK are the Guardian and the Independent.
Yancey Ward January 21, 2008 at 1:30 pm: Governments hate gold because it is a refuge from governmental depredations.

Unfortunately, government’s response to this is going to be confiscation at some point. Government can’t allow you to stay outside it’s bonds forever.
Junker January 21, 2008 at 2:59 pm: One could do worse than by setting your standards to to the opposite of govt’s. If they disapprove, then seek; if they hate, then acquire; if they exclude, then join. Perhaps one should join the counter-economy by trading in gold (and silver).

And Karen de Coster? Govt doesn’t pay much attention. Perhaps more people should.

Comments on this entry are closed.