Does the US government need a gold reserve? No, it doesn't. The government's gold is basically an emergency slush fund for elites to use to preserve their political power.Citation: "What share for gold? On the interaction of gold and foreign exchange reserve returns" by Omar Zulaica, BIS Working Papers, No. 906: <a href="https://bis.org/publ/work906.pdf" target="_blank">bis.org/publ/work906.pdf</a>Be sure to follow the Loot and Lobby podcast at <a href="https://Mises.org/LL" target="_blank">Mises.org/LL</a>

Does the US government need a gold reserve? No, it doesn't. The government's gold is basically an emergency slush fund for elites to use to preserve their political power. Citation: "What share for gold? On the interaction of gold and foreign exchange reserve returns" by Omar Zulaica, BIS Working Papers, No. 906: bis.org/publ/work906.pdf Be sure to follow the Loot and Lobby podcast at Mises.org/LL

Does the US government need a gold reserve? No, it doesn't. The government's gold is basically an emergency slush fund for elites to use to preserve their political power.Citation: "What share for gold? On the interaction of gold and foreign exchange reserve returns" by Omar Zulaica, BIS Working Papers, No. 906: <a href="https://bis.org/publ/work906.pdf" rel="noopener noreferrer">bis.org/publ/work906.pdf</a>Be sure to follow the Loot and Lobby podcast at <a href="https://Mises.org/LL" rel="noopener noreferrer">Mises.org/LL</a>

Why the Government's Gold Reserve Is a Bad Thing

Always and everywhere, the regime loots productive members of society to benefit corporate cronies, interest groups, and key voting blocs. The result is taxes, inflation, regulation, and war. The Loot and Lobby Podcast takes a closer look at how this happens, and who’s on the losing side.&nbsp;

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Always and everywhere, the regime loots productive members of society to benefit corporate cronies, interest groups, and key voting blocs. The result is taxes, inflation, regulation, and war. The Loot and Lobby Podcast takes a closer look at how this happens, and who’s on the losing side. 

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Why the Government's Gold Reserve Is a Bad Thing

Why the Government's Gold Reserve Is a Bad Thing