Ron Paul Does NOT Want to go Back to the Gold Standard

Submitted by Aunt Judy on Wed, 2009-04-08 10:29

Now I am really confused.  Read this article.  Is this the way you guys perceived Paul's stand?

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christopher's picture

christopher says:

Aunt Judy, I think this is a really important clarification.  Honestly, I hadn't even really stopped to think about the difference.  What I have been referring to in my various gold related posts is a system where gold is money.  The "gold standard" didn't really work because the government printed more many than they had backed by gold -- hence the collapse of Bretton Woods.  In essence, the gold standard was a form of price control.

Thank you for pointing out this article.

rww's picture

rww says:

Ron Paul on gold standard

Also before the US House of Representatives 2006:

Aunt Judy's picture

Aunt Judy says:

Now I am really confused.  Which is it?  I have to do some more research!

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