Gold and Liberty

My friend Richard Salsman, Ph.D, CFA, President and Chief Market Strategist at economic consultancy Intermarket Forecasting Inc., has generously provided a copy (PDF, below) of his excellent monograph Gold and Liberty published in 1995 by the American Institute for Economic Research.

This document is one of the first I read that helped me to understand and appreciate the critical importance of gold in a well-functioning monetary system.

Salsman discusses such topics as the origins of gold as money, the evolution of free banking, the purpose and mechanics of a gold standard system, government subversions of the gold standard, central banking and gold, and what the future may hold.

The monograph also contains a rich bibliography of source material.

Gold and Liberty is a fascinating and highly-educational read. Unfortunately, far too many policymakers, politicians, journalists, and academics are ignorant about gold and its historical record as the backbone of sound money. In just a few hours, this monograph would provide them with the proper respect and appreciation for gold and the futility of the current system of fiat money.

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