Ron Paul's Money Plan is Far from Golden

My CNN.com column today reminds the Ron Paul enthusiasts at CPAC why the United States left the gold standard in the first place.

My CNN.com column today reminds the Ron Paul enthusiasts at CPAC why the United States left the gold standard in the first place.

Imagine now if the gold standard were in operation today. The federal government would be scrambling to balance its budget in the midst of recession, cutting spending and raising taxes. Instead of pumping money into the economy, the Federal Reserve would be sucking money out. Priority 1 would not be creating and saving jobs, but preserving the nation's gold hoard.

Instead of living through the nastiest recession since the war, we'd be deep into a second Great Depression.

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