In an enlightening episode of , host Bob Murphy delves into the world of sound money with Jp Cortez, the passionate Executive Director of . The episode unfolds the narrative of Cortez’s journey from a student intrigued by Austrian economics at Auburn University to joining the team at and spearheading its grassroots legislative campaigns and other initiatives aimed at restoring sound monetary systems in the United States.The conversation begins with Cortez detailing his academic foray into economics, largely influenced by his proximity to The Mises Institute and his chance assignment on Ron Paul during high school. Bob and Jp explore the foundational aspects of sound money, emphasizing the constitutional and economic rationales for advocating gold and silver as real money, in contrast to the inherently unstable and inflation-prone fiat currency. Together, they delve into the historical backdrop that led to the severance of the dollar from its gold and silver roots, highlighting key legislative and policy shifts that have contributed to the present-day monetary predicament.Bob Murphy also mentions his book, , published by the Mises Institute. According to the podcast host and book author, this book provides the intelligent layperson with a concise yet comprehensive overview of the theory, history, and practice of money and banking, with a focus on the United States. Although the author considers himself an Austrian school economist, most of the material in this book is a neutral presentation of historical facts and an objective description of the mechanics of money creation in today’s world.A significant portion of the interview is dedicated to discussing the league’s strategy and successes in state-level legislation. Cortez outlines the multifaceted approach of Money Metals and its public policy arm, from eliminating taxes on precious metals to enabling states to invest public funds in physical gold and silver. These initiatives, he explains, are designed to reduce barriers and provide alternatives to fiat currency, fostering an environment where individuals and states can opt for sound money practices.Particularly intriguing is the discussion on state depositories, which Cortez identifies as a safeguard against federal overreach and a step toward reestablishing gold and silver’s monetary role. The conversation also touches on federal efforts, albeit with a more skeptical tone regarding their immediate impact, yet acknowledging their importance in the broader sound money movement.
Key Questions and Answers from the Interview with Jp Cortez on The Bob Murphy Show:
What led Jp Cortez to become involved with sound money principles and the Sound Money Defense League?
What are the core objectives and strategies of The Sound Money Defense League?
The Sound Money Defense League also publishes the , a yearly scorecard ranking every state in the country by their pro- or anti- sound money environments. What specific legislative successes have the Sound Money Defense League achieved?
How can individuals get involved and make a difference in their state’s monetary policy?
What is the significance of state depositories for gold and silver?
What are the challenges and future directions for The Sound Money Defense League?
Throughout the interview, Cortez underscores the practicality and impact of grassroots advocacy in state legislatures. He encourages listeners to engage with their state representatives, emphasizing the tangible difference individuals can make in shaping sound money policies. The dialogue encapsulates a sense of urgency and optimism, reflecting a belief in the possibility of a monetary system that champions stability, liberty, and economic sanity.In summary, The Bob Murphy Show episode with Jp Cortez () offers a compelling exploration of the sound money movement, blending historical insights with contemporary legislative initiatives. Cortez’s journey and the strides made by Money Metals Exchange and the Sound Money Defense League illustrate a fervent and ongoing quest to restore sound monetary principles, one state at a time. Learn about legislative initiatives in your state and across the country, and receive the latest precious metals news and promotions, by signing up your email at .More By This Author:
