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Case for Gold: A Minority Report of the United State Gold Commission Paperback – January 1, 1982

4.3 4.3 out of 5 stars 104 ratings

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The Case for Gold
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In 1982, Ron Paul served on the U.S. Gold Commission to evaluate the role of gold in the monetary system. In fact, the Commission was his idea. It was carrying forth a promise made in the Republican platform. Ron couldn't pick the members, so from the beginning, the deck was stacked. The majority was dominated by monetarists, who saw gold as too scarce and paper as just fine. Ron Paul's team was ready, however, with this marvelous minority report. Rarely has a dissent on a government commission done so much good! The result was The Case for Gold, and it was the greatest result of the commission. It covers the history of gold in the United States, explains that its breakdown was caused by governments, and explains the merit of having sound money: prices reflect market realities, government stays in check, and the people retain their freedom. The scholarship and rigor impressed even the critics of the minority. Ron and Lewis Lehrman worked with a team of economists that included Murray Rothbard, so it is hardly suprising that such a book would result. It still holds up as an excellent blueprint for moving beyond paper money and into the age of sound money. In particular, Ron favors complete monetary freedom to use any commodity as money, to make contracts in any money, and an end to the monopolization and printing power of the Federal Reserve. There is a strong piece of history in this book. Not since the 19th century has a political figure made such a sweeping and devastating case for radical monetary reform. This congressman ran circles around even the experts at the Fed. A dazzling performance indeed, and an inspiring and learned book.
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Product details

  • Publisher ‏ : ‎ Cato Institute; First Edition (January 1, 1982)
  • Language ‏ : ‎ English
  • Paperback ‏ : ‎ 227 pages
  • ISBN-10 ‏ : ‎ 0932790313
  • ISBN-13 ‏ : ‎ 978-0932790316
  • Item Weight ‏ : ‎ 13.6 ounces
  • Customer Reviews:
    4.3 4.3 out of 5 stars 104 ratings

About the author

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Ron Paul
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Ron Paul, an eleven-term congressman from Texas, is the leading advocate of freedom in our nation's capital. He has devoted his political career to the defense of individual liberty, sound money, and a non-interventionist foreign policy. Judge Andrew Napolitano calls him "the Thomas Jefferson of our day." After serving as a flight surgeon in the U.S. Air Force in the 1960s, Dr. Paul moved to Texas to begin a civilian medical practice, delivering over four thousand babies in his career as an obstetrician. He served in Congress from 1976 to 1984, and again from 1996 to the present. He and Carol Paul, his wife of fifty-one years, have five children, eighteen grandchildren, and one great-grandchild.Ron Paul, the New York Post once wrote, is a politician who "cannot be bought by special interests." "There are few people in public life who, through thick and thin, rain or shine, stick to their principles," added a congressional colleague. "Ron Paul is one of those few."

Customer reviews

4.3 out of 5 stars
104 global ratings

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Customers say

Customers find the book provides good information and a thorough education on the federal reserve system. They describe it as an interesting read for the average intelligence, with a brilliant explanation of money. Readers consider it worth the money, providing an in-depth history of money and banking in the United States.

AI-generated from the text of customer reviews

19 customers mention "Information quality"19 positive0 negative

Customers find the book provides good information and a thorough education on the federal reserve system. They appreciate the fresh insights and concrete examples. The book offers a detailed history of the monetary history of the United States and a great explanation of the ill effects of monetary and credit inflation. Overall, it's considered an important source for serious research on the subject.

"...with that fact aside, it is still a valuable piece of insight into how money works, and should be read by everyone who is interested in..." Read more

"...In any event it's very impressive how much he knows about the history of money and the workings of the system. Take care and God bless." Read more

"This book provides a detailed history of the actions taken by financial controllers at the highest level, principally in the United States, but also..." Read more

"The information is good. It is worth at least the $.01 that you need to pay for the kindle price...." Read more

15 customers mention "Readability"12 positive3 negative

Customers find the book easy to read and engaging. They describe it as an interesting history of U.S. financial history.

"...Although this book was written 30 years ago, it is still a good read...." Read more

"...Good read for anyone looking to understand why we need sound money and how to do it without bringing down the system...." Read more

"This is an interesting book concerning U.S. financial history. I learned several things fro it...." Read more

"Well worth the read! Good info." Read more

7 customers mention "Value for money"7 positive0 negative

Customers find the book provides a good explanation of money. They appreciate the history of money and banking in the United States, as well as the benefits of savings, low interest rates, and reliable currencies.

"...Economic growth comes from productive efforts which are encouraged by savings, low interest rates, reliable currency, and minimal taxes."" Read more

"...talks about our current monetary crisis and gives you a very in depth history of money and banking in the United States...." Read more

"The information is good. It is worth at least the $.01 that you need to pay for the kindle price...." Read more

"the best explanation of what money is that I have ever read...." Read more

An economic history of the United States
5 out of 5 stars
An economic history of the United States
This book offers a well documented, detailed account of the history of money and banking in the United States. In it, Congressman Paul outlines why fractional-reserve banking, unenforced property rights and money not backed by hard assets cause inflation, and what the consequences of inflation really are. The concepts are fairly easy to grasp. Sadly, in a noble effort to achieve the greatest amount of integrity, and originally intended for an audience of higher caliber, this scholarly work is unlikely to be read by the average layperson. Albeit comprehensible by many, it combines two subjects - history and economics - that normally force all but the most steadfast inquirers of truth to avoid. I highly recommend this book to anybody interested in monetary policy and reform.
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Top reviews from the United States

  • Reviewed in the United States on January 22, 2012
    I suggest Amazon to remove all the 1 star 'reviews' because those 'reviewers' are attacking Ron Paul. They have not read a single word of this book and came up with a conclusion that the book is worth only 1 star. These 'reviewers' should be banned

    I'm qualified to give this book a 5-star because I bought and read this book. Although this book was written 30 years ago, it is still a good read. There are few sentences from this book that I think it is worth to point out.

    "Money does not make wealth. Only hard work creates wealth."

    "... a gold standard holds in check the ability of the government officials to expand their power."

    "Economic growth comes from productive efforts which are encouraged by savings, low interest rates, reliable currency, and minimal taxes."
    23 people found this helpful
    Report
  • Reviewed in the United States on September 16, 2012
    I agree with what some other reviews have said: there are a few typographical errors, and I actually found it difficult to figure out when the book was written. I think it was written during the Reagan administration... with that fact aside, it is still a valuable piece of insight into how money works, and should be read by everyone who is interested in economics and by politicians. I love Ron Paul, he is my hero, and this report is a good read, especially for $0.01.
  • Reviewed in the United States on January 11, 2013
    If you trace back every single economic issue and many social issues, you will find that soundness of money is the root cause of it. When you give the power of money creation in the hands of government and central banks, eventually it will promote a lot of cronyism and corruption. Politicians are able to promise their constituents things that they would not otherwise be able to. Citizens will start expecting things that they would otherwise not expect.

    The irony of this all is that it is the middle class and poor in every society that get bought into the rosy promises of paper currency and it is the same class that has most to lose from it. They fail to realize that paper currency lacks the objective standard of money. Would you exchange the fruits of your labor for free? Well, that's what you do when you accept paper currency in the long run. With Gold standard or any commodity backed money, you exchange value for value.

    Wake up America before you are destroyed by this monster.
    2 people found this helpful
    Report
  • Reviewed in the United States on September 15, 2011
    This book I gave four stars because it covers a very important subject. It is a bit difficult to read because the print is very small and also because in this book Ron Paul doesn't write in such layman terms as he does his other books. I found his other books much easier to read. And much easier to understand. This book was a bit of a chore to get through but I did learn some things in this book that I didn't learn in his other books. So if you're willing to struggle through a book like this you can learn some new things but if you're fairly new to the subject I would go for other books on the subject written by him or by others. His End the Fed book would be a good place to start or the book by Murray Rothbard The Case Against the Fed. However I'm very impressed with all the work Ron Paul had done way back in 1982 for this book. I'm very impressed with his knowledge of the subject despite not having gone to school for economics. At least I don't think he ever graduated with an economics degree. I think he was self-taught. In any event it's very impressive how much he knows about the history of money and the workings of the system. Take care and God bless.
    14 people found this helpful
    Report
  • Reviewed in the United States on February 25, 2013
    Ron Paul talks about our current monetary crisis and gives you a very in depth history of money and banking in the United States. Good read for anyone looking to understand why we need sound money and how to do it without bringing down the system. If you do believe in the value of gold and came across this book while you were looking for a book on how to safely buy and invest in gold, here are the two I have liked best so far:

    Stack Silver Get Gold - How to Buy Gold and Silver Bullion without Getting Ripped Off!

    and

    Rich Dad's Advisors: Guide to Investing In Gold and Silver: Protect Your Financial Future
    2 people found this helpful
    Report
  • Reviewed in the United States on January 19, 2013
    This book provides a detailed history of the actions taken by financial controllers at the highest level, principally in the United States, but also throughout the entire Western world, over a relatively recent period, and right through to the present, which enables any interested person to be able to form a well-informed opinion of the process of financial management employed by various governments and the consequences of those actions, and to wonder how the present politicians and financial controllers could possibly repeat the mistakes that have been repeatedly made when the consequences are so predictable.
    Of course, there is at least one answer, that is that what we perceive as mistakes are, in actuality, not mistakes, but deliberate choices of courses of action in the absolute awareness of their fatal potential, and that they bring about results that the authors of those choices would gain significant benefits from them.
    Would the trusted guardians of out nation's treasures act in such a counter-productive manner?
    Surely not!
    2 people found this helpful
    Report
  • Reviewed in the United States on September 5, 2012
    THIS ITEM WAS PURCHASED IN ERROR. Long term, I have no interest in Mr. Paul's books. It is certainly available for anyone who is.
    One person found this helpful
    Report
  • Reviewed in the United States on July 14, 2012
    The information is good. It is worth at least the $.01 that you need to pay for the kindle price. But the graphs are hard to read-especially the Dec 1971-Dec 1981 consumer price index. The chart is not lined up and not on the same page. This is OFTEN a problem with kindle books. I hope kindle can fix this. This was a problem with another kindle book that I paid over $10 for -The Silver Bomb.

Top reviews from other countries

  • Roland M
    5.0 out of 5 stars states the case well
    Reviewed in the United Kingdom on August 6, 2013
    a great book explaining why we should restore the currency and return to the gold standard, Ron Paul is an author