The Crash of the Gold Combine Or Good Gold Cheap

Cover The Crash of the Gold Combine Or Good Gold Cheap
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He knows of the thief and attempts a remedy.
The goldist denies this robbery, and says that Industry is poor and weak, and Arrogance rich and strong, because it is good for them, was so ordained by an all-wise gold- bugism.
The idea of the fiatist may be born of the fact that the government stamps gold, which is money. If this were all it would not be much.
But government goes much further. It declares that the gold account unit shall be the only one, and gold money therefore the only one.
It s
...ays that gold shall be the only thing in which the round of trade shall be completed from the earth back to the earth.
. Without reason or mercy it stamps silver Burner, ouii THE CRASH OF THE GOLD COMBINE. 115 of existence. This through its pernicious favoritism to gold money monopoly.
It allows silver to be coined only as a servant to gold.
If it were not for this servitude of silver to gold the lat- ter could by no means command any prestige as a world's money. If we had a free money system our "basis" would be greatly increased.


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