In the line of duty, I came to look at Executive Order 6102… and I couldn’t help but think “This is a small step for Roosevelt, but a giant leap for Government”. Now, I’m not a libertarian, we continental types have a hard time being that, but I would like to hear the opinions on the matter, of those that have them.
In a nutshell, the order forbids US citizens from owning gold coins (or other stockpiles of gold), thus rendering illegal the right to exchange dollars for their nominal worth in gold. It was an outrageous claim that “These here dollars are worth something, on their own”.
Incidentally, I was checking whether the gold standard was ended in 1933, 1934 or in 1971… I’m still not certain, really, I just know that the gold standard was no longer relevant to US citizens after 1934.