G. Edward Griffin’s 4 Laws of Money

Law 1: Long-term price stability is possible only when the money supply is based upon the gold (or silver) supply without government interference.

Law 2: For a nation to enjoy economic prosperity and political tranquility, the monetary power of its politicians must be limited solely to the maintenance of honest weights and measures of precious metals.

Law 3: A nation that resorts to the use of fiat money has doomed intself to economic hardship and political disunity.

Law 4: Fractional money will always degenerate into fiat money. It is but fiat money in transition.

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