RNC Platform Reported to Say: Audit the Fed, Return to the Gold StandardSubmitted by SteveMT on Fri, 08/24/2012 - 15:10
[No Ron Paul at the RNC, but instead: these platform items, a tribute video & a speech by Rand Paul.]
US Republican platform said to eye return to gold standard
Fri Aug 24, 2012 6:06am IST
Aug 23 (Reuters) - The Republican Party is set to call for the creation of a commission to look at restoring a link between the U.S. dollar and gold severed 40 years ago, the Financial Times reported on its website Thursday.
Drafts of the party platform to be adopted at the Republican National Convention next week in Tampa, Florida, also call for an audit of Federal Reserve monetary policy, the paper said.
Marsha Blackburn, a Republican congresswoman from Tennessee and co-chair of the platform committee, was quoted as saying these points are not an effort to placate libertarian Representative Ron Paul and the delegates he picked up during his campaign for the party's nomination.
"These were adopted because they are things that Republicans agree on," Blackburn told the Times. "The House (of Representatives) recently passed a bill on this, and this is something that we think needs to be done."