[George W. Bush]

It seems some folk hate this idea just because it is Ron Paul talking about it.

When he went after Bernanke in a hearing recently, trading stopped in the pit on the Chicago exchange as the traders cheered Dr. Paul. We had another report recently of Ron Paul going through an airport when he was accosted by an IMF economist who told him he agreed the IMF caused great harm and should be abolished.

So there are some high-finance types who are really getting the message on currency and the Fed.

RP doesn't believe you can go to a hard currency all at once. He believes you would start by offering it as an alternative legal tender and that as you began to circulate more of it, it would begin to have a stabilizing effect on the entire valuation of currency and insulate against the tricks the Fed pulls for its real customers, the irresponsible big banking interests who are getting bailed out currently by the Fed in the subprime crisis at the expense of those with savings accounts or consumers seeing their buying power eroded.

To hear some of his opponnets tell it, they oppose the idea that any U.S. currency should have an intrinsic value not determined and subject to the manipulation of the Fed. Now, that is a perfect recipe for central economic planning but that is generally suited to socialist countries, not a free trade and pro-business economy like ours is supposed to be.

[Toddsterpatriot]

RP doesn't believe you can go to a hard currency all at once. He believes you would start by offering it as an alternative legal tender

Two currencies circulating at the same time? Great idea. LOL!

All the idiots who can't add or subtract will easily factor the spot price of gold into their decision about which currency to use.

[republicpictures]

what’s interesting about this editorial is that it comes from the NY Sun, which is not a fringe newspaper - and wouldn’t be called “libertarian.” The importance of a sound currency - and using some kind of gold standard to achieve that goal - are not kooky ideas.

[fortheDeclaration]

Economics 101-keep the Government out of the economy.