Badlands Book Club: The Creature From Jekyll Island - Chapter 7

CannCon and Ashe in America kick off Part 2 of G. Edward Griffin's The Creature from Jekyll Island with Chapter 7, and the crash course on money is anything but boring. Before a single page is read, the Supreme Court hands down a ruling that Trump can fire FTC commissioners but not Federal Reserve board governors, and Clarence Thomas lights up his dissent by saying the problem is not with the president but with the Constitution itself. Then Griffin takes it from barter to Byzantine, walking through four types of money, the natural price-stabilizing power of gold, the Monopoly board explanation of inflation, and the Roman Empire's currency debasement collapse compared to 800 years of Byzantine monetary stability. Alan Greenspan's 1966 essay calling gold the enemy of the welfare state gets read aloud, followed by the uncomfortable note that once he became Fed chairman, he went completely silent on the subject. The free market and sound money win every time. Government intervention loses every time. Griffin calls it a natural law. History agrees.