This week, we’d like to post a fun article by our friend, Sandy Sandfort. Sandy is a wealth of interesting stories, and he has a new website in the works. If you’d like to be notified when it goes live, send a note to: [email protected] Inertia is a human frailty. Too often, we go along to get along. We conform. Because of this, those who claim authority can get most of us to do their bidding if it comes with a plausible justification and is only incremental. We get nickel-and-dimed to death, the death of a thousand cuts.
Back on April 5, 1933, His Majesty, Franklin Delano Roosevelt (FDR), had a pen and a telephone. So he issued Executive Order 6102, which made it a federal crime for Americans to own or trade gold anywhere in the world. There were some minor exceptions for some jewelry, industrial uses, collectors’ coins, and dental gold, but the vast majority of the gold had to be turned in.
This post was published at Lew Rockwell on November 26, 2015.
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