Friday, August 9, 2013

John Stossel Currency Devaluation and the Bitcoin

Economists Ben Powell (Texas Tech) and Jeffrey Tucker (Laissez-faire Books) discuss the clever methods politicians have used to devalue money instead of making citizens pay more tax up front.

Gold is not an investment, it's money. it's honest money and a long term store of wealth independent of any particular government. Gold and silver have been money for 6,000 years and they will still be money after the US dollar is but a memory.