Comment: Walter Block Explains It Well

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Walter Block Explains It Well

He explains that it's not gold that we like, it's freedom. When people were free to choose their medium of exchange, they picked gold -- spontaneously and without central direction. This is because gold is valuable, divisible, durable, and so on.

So the reason we want gold as our medium of exchange is that the free market--over and over again--picks gold as money, not pieces of paper with numbers on them.

"Bipartisan: both parties acting in concert to put both of their hands in your pocket."-Rothbard