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Gold is the money of the kings. Silver is the money of the bourgeoisie. Fiat is the money of the slaves.
Share this articleGold has been used as money (or a store of value) for thousands of years. It’s always been valuable to humans, for some reason, and it’s withstood everything history has thrown at it. Silver too. Fiat money is what we use today. It’s essentially money created out of…
Václav Klaus: Remembering Gordon Tullock
Share this articleIt is a regrettable fact, but a fact nonetheless, that too many students of economic and monetary history have no idea where the principles and theories they espouse really came from. So many important thinkers, with unconventional and truly inquisitive minds, have been shut out of mainstream textbooks…
