The gold in the US gold reserve is a legacy of the time the US government refused to keep its promise to redeem dollars in gold, and when it reneged on its legal obligations to repay debts in gold.
Category:
Politics
While historian Walter A. McDougall was not a libertarian, nonetheless he had some Rothbardian insights on Woodrow Wilson and his reckless intervention into World War I. David Gordon notes that while McDougall‘s views on intervention were inconsistent, they still are useful.