Comment: Gold standard...

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Gold standard...

The modern concept of a "gold standard" is NOT the redeemability of paper for gold. It is that NATIONS use gold as insurance in payments between other national governments. When Ron Paul advocates a gold standard this is what he is referring to. To restrain Govt spending. He is not referring to restricting individual citizens to using a given currency or form of money which would be un-Austrian and un-libertarian.

Ron Paul wants a free market of currencies for individuals. They can use whatever they like for transactions (freedom).

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~wobbles but doesn't fall down~