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Document:LP News Number 21 (July-August 1974): Difference between revisions
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Document:LP News Number 21 (July-August 1974) (view source)
Revision as of 17:46, 22 December 2022
, 22 December 2022→LPs Develop In Canada, Australia
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Libertarianism is even making an impact in Great Britain where the respected journal of opinion, The Spectator, ran an article by Philip Vander Elst entitled "Libertarianism -an alternative." Says Vander Elst, "Freedom will not long survive in this country if the Tory Party does not provide a libertarian alternative to the socialist state by failing to curb its own paternalistic and technocratic tendencies." A Libertarian Party of England ...? | Libertarianism is even making an impact in Great Britain where the respected journal of opinion, The Spectator, ran an article by Philip Vander Elst entitled "Libertarianism -an alternative." Says Vander Elst, "Freedom will not long survive in this country if the Tory Party does not provide a libertarian alternative to the socialist state by failing to curb its own paternalistic and technocratic tendencies." A Libertarian Party of England ...? | ||
=Ford Signs Gold Bill= | |||
On Aug. 14, President Ford signed into law a bill allowing American citizens to purchase and sell gold bullion after Oct. 31 for the first time in 40 years. | |||
The gold ownership provision was a rider attached to a larger bill allocating funds for the "soft loan window" of the World Bank, which makes loans to the governments of poor countries at virtually no interest. | |||
Legalizing gold ownership had been opposed by U.S. Treasury Department officials, economist Paul Samuelson, and the New York Times. | |||
But constituent pressure had created a bloc of Congressmen ready to repeal the ban on gold (enacted as an emergency measure by President Franklin Roosevelt). Representatives and Senators from mining districts, those with free market sympathies, and those who saw the gold ban as a civil liberties violation joined together. Gold legalization has long been advocated by libertarians, who have organized lobbying and educational groups like the National Taxpayers Union and the National Committee to Legalize Gold. Lobbying efforts by libertarians within and outside of the Republican Party placed a gold legalization plank in the 1972 Republican platform. | |||