The Gold Standard and Monetary Sovereignty: Advocates of the gold standard argue that tying currency to a fixed quantity of gold provides stability and limits government’s ability to manipulate money supply for political ends. However, some conspiracy theorists claim that the abandonment of the gold standard in favor of fiat currency was a deliberate ploy by central banks and governments to exert greater control over the economy and erode individual liberties. They argue that fiat currencies, backed by nothing but the faith and credit of governments, enable unchecked inflation, debt monetization, and financial repression. While the merits of the gold standard versus fiat currency continue to be debated among economists, attributing its demise to a grand conspiracy overlooks the complex economic and historical factors at play.
The Gold Standard Conspiracy
