Congressman Proposes Bill to Return to Pre-1913 Gold-Backed US Dollar
(TIM) — West Virginia Congressman Alex Mooney recently proposed legislation “to define the dollar as a fixed weight of gold.” Mooney harshly criticized U.S. monetary policy, citing the 96 percent loss since “the end of the gold standard in 1913,” which in real life terms means that means a dollar in 1913 would now be only be worth .04 […]
