Without Stable Money There Can Be No Trust

I have mentioned a number of times that the focus of government policy ought to be lowering the barriers for producers to produce.  If the goal of government policy is increase employment then the government ought to do things that incent employers to grow their business.  Unfortunately, government policy has had the (unintended?) consequence increasing the barriers to employment growth.  (see the post of June 16th).  Even a neutral policy would be welcome at this point.

Unfortunately, one major barrier to business growth has been the decimation of the value of the dollar.  John Tamny lays this out beautifully in this Forbes.com opinion piece.

If we can't trust the currency, how can we trust any other government institution?  Jude Wanniski wrote "A Gold Polaris" back in the 1990's.  In it he attributed much of the social pathology that began in the 1970's after the Nixon administration broke the link between the dollar and gold. 

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