How I Saved the Dollar

     Ayn Rand wrote of the power of ideas to shape history.  And, with the following words, I will have made a major impact upon the U.S. economy, as well as all those who own dollars in the entire world.  This is how I did it:

The paper dollar's value hinges upon the belief that others will view it as a tradable commodity despite the fact that, recently, it really was only worth the value of its use as paper tinder to start a campfire with.  That is...until tonight.

The dollar can be saved.  However, it will not last for long if government possesses gold with simply some "promise" to liquidate it upon everyone's demand.  That has been tried and look what always happens.  What the United States needs is a Great American Auction.

The Great American Auction involves putting up 51 lots of soon to be private property to be transferred to the highest gold bidder in each one.  All "government infrastructure" except for that which had resided in Objectivist defined, legitimate sectors are to be sold.  The sectors that are exempted are military, judiciary, police, diplomatic, and treasury.  Everything else is thrown into each lot--50 lots that were in the former jurisdiction of each state, and one big one that was federal.

Only privately owned gold can be bid.  And, there must be proof that if a bidder wins all that one bids, one will be able to deliver.  Now to your dollars.

The sum of all the dollars in existence will have to be assessed.  Once the exact mass of gold from the Great American Auction is accumulated, through simple math, the quantity of gold will be divided up evenly according to each dollar.  Then the government will completely, securely privatize the holdings (such as by sending the gold claims to banks and dollar liquidation businesses).

The fact that the vital sectors of government are currently more bloated than they really should be, ought to insure that the legitimate government does not implode before enough, voluntary, private donations to the U.S. treasury (which will send the funding to the other valid sectors of government) kick in.

The Great American Auction is not an Objectivist, Ayn Rand idea.  It is mine that extends from my study of the philosophy.  Who knows how long it will be until those baseless pieces of paper in your bank account are worth something?  But, for you, tomorrow should be a brighter day because they will be...and that...is what value...is made of.

Paul Wharton
Objectivist Capitalist Medicine Promoter

Special thanks to Eli Lilly & Co. (LLY) for being the fuel of my mind