September 2, 2011 Reading Time: < 1 minute

Walter Grinder, that great educator, economist, thinker, and former Atlas trustee, alerted us to this article which can be a source of optimism for lovers of sound money: http://dailyreckoning.com/monetary-reform-the-beginning-of-the-beginning/

A key paragraph:

“The creation of a Gold Swiss franc and the free coinage thereof, along with the repeal of taxation by the U.S. of gold and silver coins used as legal tender, would liberate market participants to generate spontaneously a new monetary order. With government barriers removed, people all over the world will find ways to use gold-backed money to facilitate the exchange of goods and services with their counterparts anywhere in the world, and to engage in saving and investing, lending and borrowing using monies whose value would be anchored in the remarkably stable and trustworthy purchasing power of gold.”

Read more: Monetary Reform: The Beginning of the Beginning http://dailyreckoning.com/monetary-reform-the-beginning-of-the-beginning/#ixzz1Woyd3Q6a