Walter Williams |
Another, perhaps more egregious example of the Supreme Court's impairing contracts came during President Franklin Roosevelt's New Deal, when the government nationalized gold and made it a felony for any American to own gold. Not only was gold ownership made illegal but it nullified all "gold clauses" in private and government contracts. Writing contracts in gold was a way people protected themselves against government theft, namely inflation. The Supreme Court upheld federal nationalization of gold and nullification of gold contracts in the famous Gold Clause Cases. Today many Americans have turned to gold, driving its price to an all-time high, as a safeguard against what they see as pending inflation. Here's my question to you: If Obama and Congress enacted a law demanding that you turn in your gold, would you be morally obligated to obey such a law? Read full story here: News New Mexico
1 comments:
Does anyone think that the government doesn't know that you have purchased gold and how much you have?
If you sold your gold, a claim one might make, have you paid your income taxes on the profit?
OMG, UR scruued.
Post a Comment