Our $34 Trillion Debt Is Turning the States to Gold

Value of the dollar in classical specie plunges 13 percent in 2023 alone as the debt and monetary crises entwine.

United States Mint
American gold and silver coinage. United States Mint

Just as we were set to mark our national debt crossing $34 trillion the Mises Institute sends a note steering its fans to the Sound Money Index, ranking the states by the degree to which they provide an environment for honest money. The index, produced by the Sound Money Defense League and Money Metals Exchange, records that the classical monetary metals, gold and silver, discover the value of fiat currencies like the dollar, not the other way around.    

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