Daily Archives: May 29, 2011

The Case Against Gold: Why Ron Paul is Wrong About The Gold Standard by Gregory Hilton


“The gold standard is to economics what the flat earth theory is to astronomy: something that may have seemed to make sense back when people didn’t know any better but is ridiculous to suggest today.” – Dr. Russ Anderson

“Ron Paul is saying: ‘Let’s make everything simple again. . . If we had a gold standard, we wouldn’t need complex monetary policy. But how do we get from here to there? There might not be a way. It is just nostalgia for a time that never really existed.– Dr. Vincent Reinhart, American Enterprise Institute Continue reading