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Sean Ring: Here's the patron saint of sound money
By Sean Ring
Daily Reckoning, Baltimore
Thursday, January 1, 2026
Long before Powell "paused," Lagarde fibbed, or Yellen got lost mid-sentence, one man quietly built an economy of trust -- with fire, gold, and grit.
He was Saint Eligius. You probably haven't heard of him unless you're a medieval goldsmith or a devout Catholic with a taste for obscure hagiographies. But I'd argue that he did more for monetary integrity than any central banker alive today.
... Dispatch continues below ...
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Eligius was born in 588 AD near Limoges, in what's now France. By his 20s he was already known as one of the finest goldsmiths in Europe. But what made him special -- what made him dangerous to the corrupt -- is that he was both skilled and honest.
King Clotaire II hired Eligius to craft an ornate gold throne. Eligius used less gold than allotted and returned the surplus.
Imagine that. Today that gets you audited.
Instead, Clotaire made him master of the mint. Eligius didn't just make money; he made sound money. Coins of pure gold and silver, weighed and struck with precision. Monetary policy, circa 7th century: "Don't screw it up."
... For the remainder of the commentary:
https://dailyreckoning.com/the-patron-saint-of-sound-money-2/
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