She ridiculed the suggestion of a balanced budget through asset sales. The government should sell no assets, she insists. Understandably, the Treasury Department got one of its staffers to write a critique. Ron Paul announces at the Heritage Foundation that the government should sell its gold to reduce the national debt. The gold bug will tell you that the Supreme Court cannot be trusted.įast forward almost 70 years. The Federal government had no legal authority to do this.'īut the Supreme Court authorized it, 5 to 4. He will tell you 'no.' Why not? 'Because it was a violation of property rights. Ask a gold bug if he thinks that Franklin Roosevelt did the right thing in 1933 when he unilaterally confiscated the gold coins of all Americans.
