this article is from 1975....................From The Freeman
By Joe Cobb
''There is little doubt that
a gold-oriented monetary system is superior to a fiat monetary system,
from the perspective of the average citizen and businessman. Monetary
systems which are managed by central banks or governments, as opposed to
systems which arise in the market and are self-equilibrating, are prone
to inflation and repudiation. The arguments against "managed" currency
are clearly set forth in the Theory of Money and Credit by Ludwig von Mises, and it is not our purpose to argue against the gold standard.''
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