I was reading the The Atlas Shrugged by Ayn Rand and came across this piece on Gold which was written by her in 1957.
"Whenever destroyers appear among men, they start by destroying money, for money is man's protection and the base of a moral existence. Destroyers seize gold and leave to its owners a counterfeit pile of paper. This kills all objective standards and delivers men into the arbitrary power of a arbitrary settler of values. Gold was an objective value, an equivalent of wealth produced. Paper is a mortgage on wealth that does not exists, backed by a gun aimed at those are expected to produce it. Paper is a check drawn by legal looters upon an account which is not theirs; it is upon the virtue of the victims. Watch for the day when it bounces, marked "Account overdrawn"
This was written almost 53 years ago. An idea whose time has come?
I would strongly recommend Atlas Shrugged and Fountainhead by Ayn Rand. The above words are the most profound I have come across in a very long time.
"Whenever destroyers appear among men, they start by destroying money, for money is man's protection and the base of a moral existence. Destroyers seize gold and leave to its owners a counterfeit pile of paper. This kills all objective standards and delivers men into the arbitrary power of a arbitrary settler of values. Gold was an objective value, an equivalent of wealth produced. Paper is a mortgage on wealth that does not exists, backed by a gun aimed at those are expected to produce it. Paper is a check drawn by legal looters upon an account which is not theirs; it is upon the virtue of the victims. Watch for the day when it bounces, marked "Account overdrawn"
This was written almost 53 years ago. An idea whose time has come?
I would strongly recommend Atlas Shrugged and Fountainhead by Ayn Rand. The above words are the most profound I have come across in a very long time.
