Synopsis: Program #127 – 4/6/2014 “The Gold Standard”
If you hang around conservatives, it won’t be very long before you hear a plug for getting off fiat money and getting on the gold standard. There are passionate ideologues on both sides of this argument; and on this subject, there is often more heat than light. Economics is a difficult subject, and it is no easy task to wade through all of the arguments for, or against, a return to a metallic money standard.
I begin by explaining the nature of money, the history of money in the United States, and facts about gold and paper. I conclude by examining Biblical references to gold and some general principles. Where do I stand on the gold standard? I am not going to spoil this program! You are going to have to listen to find out. What you learn might change your thinking.
Scripture References: Ecclesiastes 11:2; Genesis 47:15; Revelation 6:5-6; James 5:3; Zephaniah 1:18; Psalm 49:6-8; Proverbs 11:4; Proverbs 18:11; Isaiah 2:20-21; Ezekiel 7:19; Revelation 18:11-13; Daniel 11:38, 43; Matthew 6:19-21; Psalm 119:72, 127; Revelation 21:21; Genesis 2:12; Deuteronomy 8:9; Job 31:24-28