The fire I’m talking about is the demand from Americans that we dump our failed monetary system (irredeemable fiat currency managed by a semi-political oligarchy called the Fed) in favor of gold.

In the Christian Science Monitor, Walker Todd of the American Institute for Economic Research comes out slugging for a return to gold. Read his piece here.

The country elected Barack Obama, but that doesn’t mean they’re in favor of Keynesian economic theories. (Keynes called gold a “barbaric relic” and wanted to get rid of its influence so governments could spend money at will, an idea that has proven to be disastrous.) I think we need a full-bore effort at making monetary system reform the biggest issue of 2009.