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Sen. Rand Paul: Commission Needed to Reconsider Gold Standard

Rand PaulKitco’s Daniela Cambone caught up with Senator Rand Paul on the sidelines of FreedomFest in Las Vegas to discuss the gold standard. His father, former member of the US House of Representative Dr. Ron Paul, has been known to advocate a return to a gold standard and Daniela asked Sen. Rand Paul if he would carry the torch. The senator thinks a commission would be needed to study whether a gold standard is feasible. Paul aims at bolstering the US dollar and he thinks the issue of QE needs to be addressed. “Bernanke has been expanding the money supply exponentially and it is leading to an illusion,” Paul said. This illusion led to the recession we are in now, Paul added.


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Nope - allow competition in currency

Let people be free to choose the media of exchange, without government forcing some standard (golden or otherwise)upon them.



we must not allow government to dictate what the medium of exchange is between individuals. That is very important.

I'd rather have a bottle in front o' me than a frontal lobotomy