To: Toddsterpatriot
The Constitution does not stipulate that the currency be gold, or any precious metal.
The U.S. has never had a fully gold-backed currency and that is not the key point in Ron Paul's advocacy of offering a few forms of hard currency along with the fiat money from the Fed.
It's not either/or. It never was that way.
82 posted on
08/23/2007 6:43:25 AM PDT by
George W. Bush
(Rudy: tough on terror, scared of Iowa, wets himself over YouTube)
To: George W. Bush
It's not either/or. It never was that way.So he wants $20 gold certificates to circulate alongside $20 fiat money?
Or does he want gold certificates exchangeable for fractions of an ounce?
84 posted on
08/23/2007 6:52:16 AM PDT by
Toddsterpatriot
(Ignorance of the laws of economics is no excuse.)
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