That our money is by being fiat and debt-pillared, debit-foundationed is the greatest wall to our liberty. It is at best a benign socialist's wall, at worst a tyrant's. In the US that we have always been closer to the former is a blessing. It's not a blessing we best count on, or should rely on, or come to accept as the best of all worlds. It is a degraded state of affairs. Not one we should accept forever.
Hard money, like fulsome Liberty, full Liberation, is state of existance that quickly and harshly marks all moral and ethical accounts to market. Fiat money, soft money, is never so harsh -- while it can be the whip of tyrants and the wall of a slave's prison, fiat money doesn't cut through or hammer to bits and dust like hard money does when used by the selfish, the theives, the delusional.
Only a few generations of our Nation knew this full Liberty -- but full Liberty was scary. We were too corrupt to stick with it in good use, and yet not heartless enough to stick with it anyway. So we dropped back to this slave's condition, less responsible, and less harsh in accounts for that. Let us have strength, seek good and mercy and be honest in all dealings, and then we may again achieve that higher state, over the walls, once again returning to the City of Liberty.
Nonsense. There is not enough gold and silver in existence to support the world economic system's functioning. And NEVER HAS BEEN.
Apparently you have no knowledge of American monetary history or you would understand that without the creation of a National Bank our nation's economic development would have been greatly retarded.
Our greatest problem early on was NO specie. It was all drained away to Europe then after independence shortage of money led to tremendous experimentation with money mostly unsuccessful.
There has never been a gold standard in operation for more than a few years at a time. War breaks out and the GS is scrapped. EVERY time.
Most of those advocating metal money or metal backed money have little or no understanding of economics, finance or monetary theory. Wonder why?