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Hugo Salinas Price: How unbacked fiat money corrupts society
7:44p ET Wednesday, October 18, 2017
Dear Friend of GATA and Gold:
In commentary he laconically headlines "Anecdotes and Reminiscences," Hugo Salinas Price of the Mexican Civic Association for Silver today uses episodes from his country's history to illustrate the corrupting tendency of unbacked fiat money.
Salinas Price essentially supports the British economist Peter Warburton's conclusion that a primary objective of central banking is to deprive people of any enduring standard of monetary measure (http://www.gata.org/node/8303) and your secretary/treasurer's conclusion that another primary purpose of central banking is to prevent ordinary markets from happening at all (http://www.gata.org/node/6242).
Salinas Price's commentary is posted at the association's internet site here:
http://www.plata.com.mx/enUS/More/331?idioma=2
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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