Liberal Libertarianism.org
The Path To Constitutional Freedom & Liberty
  • Basic Plan For Making The Fed Gov Smaller
    • Theoretical Overview >
      • Overview: Restore America Plan
      • Property Rights
      • Government vs State Law >
        • Problem Of "Echo Chambers" In Conservative States Skewing Their Ability to Make Rational Decisions
        • Theoretical Tools for Understanding HOW Tyranny CAN Take Root
        • On Assassinating US Citizens (Anwar Al-Awlaki)
        • On Foreign Aid and Human Rights (of trial by jury)
      • On Foreign Policy, War and Nation Building
      • Responses to Ron Paul >
        • Warfare, Welfare, and Wonder Woman — How Congress Spends Your Money
      • On Foreign Policy, War, Suicide Bombings and Iran >
        • Why THEY Attack Us
  • Economics
    • Bernie Sanders >
      • Rebuilding Our Roads >
        • Reversing Climate Change
        • Creating Jobs
        • Protecting Unions
        • Raising The Wage
        • Pay Equity
      • Making Trade Work for Workers >
        • Cutting College Costs
        • Breaking Up Big Banks
        • Medicare For All
        • Ending Poverty
        • Stopping Tax Dodging Corporations
    • Lessons >
      • Lesson 1 : The Definition Of Economics
      • Lesson 2: How Demand & Supply Works
      • Lesson 3: What Is A Market Economy
      • Lesson 4: What Is Perfect Competition
      • Lesson 5: Efficiency & Inefficiency In Business, Economics & The Economy
      • Lesson 6: The Opportunity Cost Model for Understanding How A Society Functions
    • Questions & Answers >
      • What is the American Dream?
      • Marco Rubio's Economics
      • About The Federal Reserve
  • Blog

Economics Question: Is Returning to the "Gold Standard" like spinning gold out of straw?

The simple answer is no as Ron Paul's "Restore America Plan" calls for passing a law that would allow gold and silver based currencies to exist (even other precious metals can be used IMO). Ron Paul likes to argue for returning to the Gold Standard but there is no such economic plan that could get us there so he should be arguing for greater stability in the currencies market by having precious metals based currencies. At least that is an argument more tailored for our time than 100 years ago. 
© Liberal Libertarianism .org 2014-2016
A Project Of Culture & Society Blog