That statement in itself demonstrates the problems with a fiat currency. If 75 years without major failure is praised as being ” an impressive run,” it’s a dumb monetary system. Let me know if it lasts a thousand.

Any monetary system that allows managerial elites to control a money supply, from which they can make more money at will, is a failure in terms of conservative ideals.

America’s risky post-Hoover experiment with the fiat dollar, which dollar has served post-Roosevelt as the international reserve currency, is unprecedented in history and cannot accurately be labeled a failure yet. Foes of the fiat dollar including Dr. Paul must admit that 75 years of fiat dollarism without a major monetary failure is a pretty impressive run. However, if the fiat-dollar experiment were going to fail at long last, then recent events are exactly the kinds of signs one would expect.

As to being pro-dollar or pro-war, I cannot deny having supported the war back when it started, but as of today you can count me in with Dr. Paul: I’m pro-dollar.

Howard