There has been, there is, and there will continue to be a grave penalty from this erroneous policy. The dollar will continue to depreciate in value as long as the United States is off the gold standard or its equivalent. That is not a rash prediction. There is not one exception to that. Men need an incorruptible, nonincreasable monetary unit, except increasable only in relation to current prices and costs generally.
Gold meets that requirement better than any other mortal being or thing.
A more incorruptible defense is necessary to protect liberty That defense needs to be better than men themselves. It must be in something outside of men, something unalterable and incorruptible. What gold is to money, the Law of God is to liberty.