Quote from Kenneth Gerbino 

"Historically, the United States has been a hard money country.
Only [since 1913] has the United States operated on a fiat money system.
During this period, paper money has depreciated over 87%.
During the preceding 140 year period, the hard currency
of the United States had actually maintained its value.
Wholesale prices in 1913... were the same as in 1787."

Quote by:
Kenneth Gerbino
former chairman of the American Economic Council
Bookmark and Share  

Get a Quote-A-Day!
Liberty Quotes sent to your mail box.

More Quotations

Quotes & Quotations - Send This Quote to a Friend

© 1998-2005 Liberty-Tree.ca