First published by Money Metals here: https://www.moneymetals.com/news/2020/05/22/sound-money-defense-league-gold-silver-money-002039

The Federal Reserve instituted a policy of unlimited quantitative easing in March 2020 in response to the COVID-19 pandemic, in effect injecting trillions of dollars into the economy. According to Stefan Gleason, Director of the Sound Money Defense League, the Fed’s pandemic response is only the most recent manifestation of a long-standing inflationary monetary policy enabled by unbacked fiat currency. That’s why Gleason and the Sound Money Defense League advocate for returning to a limited currency backed by gold and silver to preserve the value of money and reward savers.