Oddbean new post about login | logout I suffered dictatorship for almost 27 years. Governments will use the power given by us against us. They will always use a “good excuse” to take your freedom. Freedom isn’t given it is taken
in 1934 when they passed EO 6102 gold was $25 an ounce. They offered $35 in exchange for the gold. That solid 40% gain sounded good at the time, but looks bad against a historical lens: Dollars depreciated by 99% and gold is around $2,800 an ounce.