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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."


Kenneth Gerbino (more quotes by Kenneth Gerbino or books by/about Kenneth Gerbino)

former chairman of the American Economic Council


Banking, Economics, Fed, Money, IRS, Taxation


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