Honest Money

Honest Money, by Gary North ★★★★★
This book was read on my iPad in e-book format. Gary North offers very basic economics but does diligence in seeking a biblical answer to the creation, flow, and use of money in an economy. North was an advisor to Ron Paul, and I’m sure influenced Paul significantly. I appreciate North’s insights into the economic scene, as well as his desire to avoid labeling himself an Austrian or free-market economist. I dreaded the possibility that he would have a lengthy appeal for a return to a gold standard, which he does not. Instead, he suggests that the market itself can decide standards that determine value. Thus, the state would have no role in fixing the price of gold, silver, and other commodities. In addition, the state would be removed from its role in the manufacture of “money” or the operation of banks. While this is radically opposed to our banking system, it seems far more reasonable than the current system, which, like all historically similar systems, will lead to the collapse of the entire monetary system. North’s words will, unfortunately, be heeded by all too few people, and the government will continue to enslave us more and more. This is a book that can be obtained free from North’s website, can be read in a single evening or two, and should be on everybody’s must-read list.