[quote]Why don’t we just legalize the Constitution? The Constitution states that only gold and silver shall be legal tender.[/quote]
It says no such thing. It says that the Congress (i.e. the federal government) has the supreme right to issue money, and it says that states are explicitly prohibited from doing that. It also says that the Congress has the power to regulate the value of money (this power would be meaningless if only gold and silver were valid money). As an exception, it allows states to authorize gold and silver coins as legal tender (but not to mint them).
[quote]Chart the price of many items vs. gold and the price of those items relative to gold will remain flat.[/quote]
Price of an entry-level car vs. gold has gone down 5x in the last ten years. Price of a burrito at Chipotle or a pound of potato bread at Vons has gone down 4x.
[quote]Inflation is a hidden tax that nobody wants to talk about. Those that get the money first (Wall St., big corporations, etc.) benefit while the rest of us have to produce/earn more to keep up.[/quote]
There’s inflation under gold, too. Like I said, between 1.5% and 8%/year, depending on how you measure the money supply. Only in case of gold, we have no way of controlling the rate of inflation, and the benefactors are mining companies rather than Wall Street.
