Fort Knox: What to Do with Old Yeller - The Curious Capitalist - TIME.com: "Fort Knox: What to Do with Old Yeller
Posted by ROYA WOLVERSON Tuesday, June 28, 2011 at 6:00 am
10 Comments
Getty Images
Should the U.S. sell off its gold reserves to pay down debt? That's the latest idea being tossed around by gold bug Ron Paul. Not only would selling Old Yeller help the U.S. pay its bills, says libertarian Paul, but it would put more gold in the hands of the American people and pull back the reins on the Federal Reserve, which is printing money like mad and debasing the value of our currency. So insistent is Paul about this strategy that he challenged the government to a gold audit to make sure its stash of bullion at Fort Knox is really all there. (According to the Treasury's inspector general, it is.) So is selling it a good strategy, or is Paul just a crazy kook?"
No comments:
Post a Comment
Commented on MasterMetals