I don’t know nearly as much about the Gold Standard as do Ron Paul and Lew Rockwell, but I do think that, given not just that the Feds have ruined the dollar but that the dollar has been its own piece of counterfeit in the first place, currency in general should be privatized. It should not be made, controlled, administered nor distributed by the government. With a market of different makers of competing currencies, the ones with the most quality and value would be the most popular and successful, and the ones with the least quality would fail, as with any other business. As soon as a commodity this important is controlled by the armed force of government, with its power and officialdom, the currency is then corrupted. And a government monopoly over money, forbidding any possible competitors, is more in line with fascism.
Unfortunately, the selfish, corrupt politicians don’t want to change the status quo because they love power. Power is not only corrupting, but it is as addictive as any drug. Just look at all those politicians and bureaucrats who go to Washington and stay there. They can’t overcome their addiction to government power. Just look at Alan Greenspan. It’s hard to believe that he wrote this article called Gold and Economic Freedom. That old schlep went from being an Ayn Rand capitalist to being a Big Government Control freak!
Perhaps “Washington” should be renamed “Corruptington” because of all the corrupting and dirtying they’re doing to our government. We need to put some “washing” back in “Washington” to get the dirt and filth out of it. Well, if we can’t get rid of the unconstitutional Federal Reserve (as well as the unconstitutional income tax and the capital gains tax), then at the very least Congress should act on Ron Paul’s bill to audit the Fed. He now has 245 co-sponsors, so I think that should be enough for House Financial Services Chairman Barney Frank to get going on it (whether he likes it or not!). And, I’m sure President Obama doesn’t want all the illegalities lying underneath the Fed’s hood to be uncovered, but he still shouldn’t veto it once it’s been passed.