Tuesday, April 19, 2011

Press Release: Paper vs. Metal Currency Debate at Vanderbilt

CONTACT:  Kenny Tan, President, Young Americans for Liberty at Vanderbilt University

Paper vs. Metal Currency Debate at Vanderbilt

NASHVILLE, TN— On Thursday, April 21st, the Young Americans for Liberty at Vanderbilt University will host a discussion at 5:00 P.M. in Vanderbilt’s Commons Center room 235/237.  Austrian School economist Dr. Robert Murphy and Vanderbilt Professor of Economics Mario Crucini will debate the topic of “Paper Money vs. Gold and Silver.”

“Since abandoning the gold standard in 1971, the U.S. dollar has persistently lost value.  This inflation has severally hurt the average citizen by secretly robbing them of their savings and forcing them to pay more and more for basic necessities,” said Kenny Tan, President of YAL at Vanderbilt.  “We hope that this event will encourage people to rethink how they manage their savings and perhaps even encourage the state of Tennessee to consider passing legislation similar to the Constitutional Tender legislation which was passed and signed into law in Utah last month.”

The goal of the program is to educate students and other members of society on the pros and cons of a fiat currency, such as the Federal Reserve Notes used in the United States, the historical usage of precious metals as currency, and the ongoing argument between supporters of each.  The event is free and open to the public with a catered gourmet reception to be held after the hour-long debate.

For more information on this event, please contact Kenny Tan at Kenny.tan@vanderbilt.edu

YAL at Vanderbilt University is part of Young Americans for Liberty, a national network of more than 190 chapters which grew out of the 2008 presidential election’s Students for Ron Paul. YAL seeks to recruit, train, educate, and mobilize students on the ideals of individual liberty and the U.S. Constitution.
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