Sometimes people say, “I guess we’ll just have to have a major economic or monetary crisis to wake people up and cause them to want a sound monetary system.”

There is one big problem with that refrain, however: A crisis or emergency oftentimes induces people to move in the opposite direction —in the direction of tyranny and oppression.

That’s because in a major crisis or emergency, people get afraid, so afraid that they are willing to sacrifice … Continue reading FDR’s Tyrannical Gold Confiscation