Mises Wire
Author:
Jp Cortez
Online Publish Date:
Gold clause contracts provide an avenue for states to promote the use and acceptance of gold and silver, and undermine the Fed’s monopoly on money. What Are Gold-Clause Contracts? Assuming you had the money, would you loan $10,000 to be paid back over 30 years plus 3 percent interest? What if price inflation skyrocketed? That would benefit the