October 26, 2014



‘Rosa Parks’ Of The Dollar

November 1, 2012

Bernard von NotHaus

A “speedy trial” is one of the rights the Constitution requires the government to provide to defendants in criminal cases, but it’s silent on whether the sentencing also needs to be speedy. We were put in mind of this fact by Alan Feuer’s profile in this morning’s New York Times in respect of Bernard Von Nothaus. He was convicted more than a year and a half ago of “counterfeiting,” because he issued silver coins, which he called “Liberty dollars,” and sold them at a price much lower than they would command in United States currency. He could face the rest of his life in prison, but the court seems to be in no rush to sentence him. In the year and a half since the verdict was brought in against him, he’s been living in a friend’s house at Malibu, awaiting word of his fate.

The case throws into sharp relief an astonishing irony — that a man who issued money that has sharply appreciated in value is facing the rest of his life in prison while the officials who issue the official Federal Reserve Notes, the value of which has in four years plunged in half, to less than a 1,750th of an ounce of gold, are walking around free. We do not mean to suggest that Chairman Bernanke and his colleagues have committed a crime. We do mean

‘Rosa Parks’ Of The Dollar [continued]

 




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