There might be another interesting person on Capitol Hill that may be sympathetic to the libertarian cause. Robert Wenzel of the Economic Policy Journal goes as far as calling him “one of the most important members of Congress.”
His name is Alex Mooney, a two-term Republican representative from West Virginia. Earlier this month, he submitted legislation to return the United States to the gold standard: “to define the dollar as a fixed weight of gold.” It hasn’t moved anywhere.
Last week, he issued a letter to Federal Reserve Chair Jerome Powell and Treasury Secretary Steven Mnuchin. Mooney writes that “I wish to learn more about activities of the Federal Reserve and the U.S. Treasury involving gold.”
Mooney has three questions that he wishes the two men would answer:
– What is the U.S. government’s current policy is towards gold?
– Does the U.S. governmemnt, through the Treasury Department, the Federal Reserve, or any other agency or entity, transact in gold or gold derivatives either directly or through intermediaries?
– Does the U.S. government undertake any transactions or gold derivatives through the Bank for International Settlements, Bank of England, or other central banks or governments?
Those are some Ron Paul-esque questions.
And this letter comes shortly after some documents pertaining to Mnuchin and his wife’s trip to Fort Knox were made “public.”
The libertarian cause is getting some sunshine. Representative Tulsi Gabbard is slamming U.S. foreign policy, Senator Rand Paul is lamenting on Washington’s spending ways, and now Alex Mooney is making the case for gold!
One way or another fiat debt based money will be based on commodities of some type. I like silver but just because it is easy to convert. I have orange, pomegranate and many other trees and am propagating more. A orange holds it’s value just like silver or gold and you can eat it. 25 pomegranates are worth an OZ of silver.