I’ve been meaning to write about something that happened in the beginning of May, but I guess now is as good a time as any. Back then, I took a mini-break and drove down to Colonial Williamsburg for the weekend. Being a history geek, a rabid libertarian, and something of an anglophile, CW is one of my favorite places in the world. I hadn’t been there since I was about 12 years old, and I can tell you that becoming older, wiser, and more educated has only enhanced the experience for me. It’s definitely not all kids’ stuff, and the visit was everything that I had been hoping for. I won’t go into excruciating detail about the entire trip, but I will share a few things that happened that I found very interesting.
At the jeweler/silversmith’s shop, a woman (a “costumed interpreter,” I believe is the appropriate job title) was demonstrating ring-making, using silver. She talked about how, in the 18th century, rings had not yet become a standard symbol for marriage—that came during the Victorian age. Many people in the 18th century wore mourning rings, in memory of loved ones who had passed on. Rings that symbolized friendship and love were also popular, I think, but were not considered a requirement in society. Many people who traveled wore as many rings on their fingers as they owned or could fit on their hands. (Those who couldn’t afford such rings were probably not traveling much anyway.) Most of us would think this crazy, since it seemed like an invitation for mugging and theft, but what happened was that the rings also served as backup in case someone stole the traveler’s money-purse.
The interpreter specifically said that the money back then was gold and silver coinage, and so anything made of those materials could also serve as money. Therefore, if you were traveling and stopped at an inn, but found that your purse had been stolen, you could give up a silver ring and still get a bed and a meal for the night. Of course, as a pro-gold/silver standard person, this piqued my interest and made me smile.
She also explained that, in having rings, spoons, and other gold/silver materials made, the customer would pay in silver for a ring made of silver. Basically, they were providing their own raw materials—with a little extra for the labor. So if a customer paid 100% of the price of a ring, he would get back about 80% of it in the form of the ring itself, with the other 20% going toward the labor of making it. The most interesting thing was that the interpreter specifically said that you were automatically getting back 80% of the silver you paid—and years later, it would still be worth that same 80%.
“How many things do we buy nowadays that are worth the same years later?” she asked, rhetorically I’m sure.
I thought, “Not houses, that’s for sure.” But as she was speaking, I was amazed and delighted and wondering if she even realized that she was delivering a simple, fundamental argument for a return to specie-backed money.
Of course, none of this comes as a surprise to those who know a little about monetary history and the importance of the gold and silver standard, but I stood there and wondered if 1) the interpreter knew even more than she was letting on, and 2) if that sparked the curiosity of any of the other CW visitors who were listening to her. Sometimes I wish that I had spoken up and said something about how that was a good reason for us to return to the gold standard (I didn’t). Other times I think, “Eh. I was on vacation. No use in starting a debate there.” Except that if such an opportunity presents itself again, I think I’ll have to speak up.
(Recommended reading: Murray Rothbard’s What Has Government Done to Our Money?)
One other (more brief) interesting tidbit from the trip was a visit to the Magazine, where the public firearms, ammunition, and gunpowder were kept—aside from the muskets and such that everyone already had at home. When things began to get heated between the British government and the colonists, Governor Dunmore, fearful of revolution, ordered the gunpowder to be secretly taken from the Magazine in an early April morning in 1775. At first he said it was to protect the colonists from a slave uprising, but later admitted that he was afraid of revolutionary actions by the colonists.
Seeing it and hearing about it, now that i’m older, really made me realize that the state’s attempts to disarm its subjects are never new. The government has been trying to disarm its slaves for centuries—feudal Europe, the British Empire, the USSR, and now the USA. The state may even try to convince the population that it’s all for their own good, their own safety. The face, the voice, the approach, may all change throughout the years, but the general tactics stay the same. These days, the population of sheeple is complacent, lazy, and all too willing to surrender whatever it takes to maintain the status quo. I wonder when enough people will realize what is being done to them? Do they even want to be free? Or is that just too much work?