Originally posted on Thursday, September 6th, 2012

“…government of the people, by the people, for the people….”  Abraham Lincoln

This image, quoting the immortal word of Lincoln, is being used at Wikipedia as a theme for its series on public finance.

Gold has intrinsic value, and centuries of history as the least imperfect of all monetary systems ever implemented.

From a mural by Elihu Vedder. Lobby to Main Reading Room, Library of Congress Thomas Jefferson Building, Washington, D.C.

The dollar defined as a fixed weight of gold, with currency legally convertible thereto, is the one true people’s money — a monetary system with integrity and a shining example of “government of the people, by the people, for the people.”