We’re hearing the term “Democracy” a lot lately. Because of a willingness to profit from the lessons of history, our Founding Fathers adopted a constitution that nowhere mentions democracy, as neither did the Declaration of Independence, nor a single constitution of our fifty states. What the Founders did choose was a government of written and permanent law. Realizing that men can only remain free by limiting political power, these laws restricted the power of government - not the people.
Rather than compile a long list of guaranteed freedoms, they enumerated a short list of what the Federal government could and could not do. Basically, this limited them to protecting life, liberty and property. To guard against usurpation of power, they divided it between three branches of the federal government, and the States, and the people. What they gave us is a Constitutional Republic.
One of the most important provisions of that compact was the establishment of a sound monetary system based upon gold and silver. Article I, section 10 says, “No state shall make anything but gold and silver coin a tender in payment of debts,” and nowhere are they authorized to print paper money. Originally, the bills we call money were “receipts” for real money and could be redeemed in silver or gold at any time.
But then came the Federal Reserve, and boom-or-bust, and planned inflation, and national debt, burdensome interest payments, fiat currency, and are we in for a ride with the Democrats in charge.