I received a wonderful and fitting gift after my Economic Fallacies talk at the Branchville, AL, Worldview Conference last Saturday. I had included a PowerPoint slide exhibiting the fiat dollar’s loss of value since the creation of the Federal Reserve in 1913. The loss has been about 95% over the past century ($1.50 in 1913 bought what $100 buys today!). Here’s the Chart:
After my talk, a guy named Joshua Peiffer came up, chatting, and gave me a thoughtful gift: a silver dollar. But not just any silver dollar, a custom-minted “End the Fed” 1-oz silver coin. It was great! The coin, which you also can get, exhibits an “End the Fed” design on one side with the Fed’s logo crossed-out, and on the reverse… the very same chart (above) I used in my talk! It was a great match, a fun moment.
I later talked with Josh a bit more and was pleased to learn of his dedication to God and family and honest money. I love seeing creative efforts like his “End the Fed” coin project and love to see outlets like this used to spread the word about honest money and limited, decentralized government. Due to minting premiums, the coin costs a little more than the spot price of silver, but the message it helps you pass on is worth that and much more. A big thank you to Josh for the little gift and the effort. Hope it helps spread the truth.