20 Jun 2009

Franklin Sanders, the "most dangerous man in the mid-South"

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Betsy Hansen, a summer fellow at the Mises Institute, has a good article today at LRC describing the fate of a guy who fought the fiat money system:

Mr. Sanders fought gallantly given the impossible circumstances in which he found himself. He ran a gold and silver bank for more than a decade, serving customers in Mississippi, Arkansas and Tennessee. His hope was to run his business as a truly free bank, such that he would exchange Federal Reserve notes for gold and silver – and here is the kicker – he tried to do that without charging sales tax on the exchanges. It is true, what Mr. Sanders was doing was entrepreneurial suicide, but you have to give him credit for showing courage and tenacity.

Last year I met a fairly wealthy personal investor, and one of the handful of people he read religiously was Franklin Sanders aka The Money Changer.

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