A World Priced In Gold

Curious about how a sound money economy would look? Read on...

Pretend, for a moment, that it’s 1971 and you’re President Richard Nixon (admittedly disturbing fantasies, but bear with me). You face the perennial government income/outflow dilemmas, and other countries, noting your struggle, are trying to cash their dollars in for your limited pile of gold bars.

But this time around you don’t cave and “close the gold…