The Alternative to Inflation

Inflation destroys the incentive to save, especially when there are government ceilings on interest, as with savings accounts. Our tax system—taxing illusionary income—worsens this, and we can expect to see a smaller and smaller amount saved by Americans. Inflation steals from those who still believe in thrift, and robs pensions and retirement funds. How can any reasonable economist promote inflation with these facts staring him in the face?

We have an opportunity to present to our people an alternative to the old, the failed, the tool of special interests: an alternative that is modern, that works, that benefits everyone. That alternative must be one that rejects inflation and dishonest money. It is a redeemable gold dollar.