C of C 8-17-19 Gold Standard vs Fiat Money
Channel: Tim Bolger
Date: 2019-08-20

Meeting # 3,542 - Germinal G. Van, Author & Political Essayist, M.P.S., Libertarian Party of Chicago

​The speaker states that:  "The purpose of this speech is to draw a comparison between the Gold Standard and Fiat Money and see which one of the two is the best suited to attenuate inflation. Both monetary systems are still relevant up to today although the Gold Standard, as a monetary system, has been dissolved since 1971. In this speech, Germinal G. Van will attempt to demonstrate that the Gold Standard is a better system than Fiat money because it constrains the power of the federal government. The Gold Standard precludes the government to go over its budget."