US dollar- Ron Paul: How gold could save the U.S. dollar

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Ron Paul: How gold could save the U.S. dollar

Thursday, May 13, 2010
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From LewRockwell.com:

Gold, Peace, and Prosperity is the title of Ron Paul’s essay for a “modern” gold standard. According to Paul, such a standard would end the relentless boom-bust cycle, and maintain the value of King Dollar. However, King Dollar would have to be founded on a monetary standard that eschews government tampering.

Paul begins his treatise by pointing out that “Congress alone is responsible for inflation, and Congress alone can stop it.” Which means that the old scapegoats – OPEC, greedy CEOs, labor unions – are not the real cause of inflation. To support his contention...

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More on Ron Paul:

Ron Paul: Don't call Obama a socialist

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Ron Paul: The only way to prevent runaway inflation

Topics:		US_dollar \| Government_Stupidity \| Cruxallaneous

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