Ron Paul / Monetary reform
From WhyNotWiki
http://au.answers.yahoo.com/answers2/frontend.php/question?qid=20071121184646AAn0ZVX.
we cannot continue to simply print money “out of thin air” without any hard assets backing our currency..
Paul is for creating a competing currency backed by gold. "He opposes dependency on paper fiat money, but also says that there "were some shortcomings of the gold standard of the 19th century ... because it was a fixed price and caused confusion." He argues that hard money, such as backed by gold or silver, would prevent inflation, but adds, "I wouldn't exactly go back on the gold standard but I would legalize the constitution where gold and silver should and could be legal tender, which would restrain the Federal Government from spending and then turning that over to the Federal Reserve and letting the Federal Reserve print the money. "He supports parallel currencies, such as gold-backed notes issued from private markets, competing on a level playing field with the Federal Reserve fiat dollar." –wiki
He is NOT for returning to the gold standard, he is for creating a competing currency backed by gold.. wouldn't you rather have currency backed with the rising value of gold, instead of currency backed by the depreciating negative value of debt?
