Money is anything that is commonly accepted as a medium of exchange, with government interjecting itself into the equation by designating certain notes as "legal tender." Historically, mediums of exchange have included gold and silver as well as other forms of what might be called commodity money. Yet, you cannot pay your electric bill or your mortgage with a gold bar or even gold coins. You have to sell your gold for cash in order to use it to pay for things. Of course, at one time gold coins were used as money, but they aren’t today. And there was a time when paper money was backed by gold or silver. Paper money was then redeemable in gold and silver at a fixed price. Those of us who are seniors remember the time when dollars were silver certificates. Now they are backed by the “full faith and credit of the government.” But with government borrowing trillions of dollars in order to spend trillions of dollars, that “full faith and credit” is about to go down the drain.
The rush is on to force into law mandatory use of the E-Verify system that will mandate that all businesses use this hand-me-down from the Social Security Administration in order to hire anyone. Republican Representative Lamar Smith has introduced H.R. 2164, and House action is expected at any time. Say proponents, E-Verify is necessary to stop illegals from getting jobs. Many freedom-loving conservatives are supporting the idea in a desperate attempt to control illegal immigration. Is this the right way to protect America?
In my companion article ("A Forgotten Black Conservative: A Closer Look at George S. Schuyler") I wrote about George S. Schuyler, a great conservative who also happened to have been black. Since his death in 1977, he has, unfortunately, been forgotten. It is with an eye toward rectifying this situation that I write about him.