Powell remains convinced tariffs will boost price inflation. During his post-meeting press conference, he said everybody he knows is forecasting a meaningful increase in inflation due to tariffs.
Gold is a long-term store of value. Its use as money is well-documented. Gold is beautiful, and its use as jewelry and adornment adds to its attraction.
This fearlessness, courage, and heroism applied even in Rothbard's political analysis. He was an outspoken opponent of the U.S. nuclear buildup and militarization during the Cold War.
Given the way the U.S. government and its central bank have abused the fiat dollar, relentlessly inflating away its value, it appears the Seminole instincts were right.
