Tuesday, February 3, 2009

Ron Paul On Fox, Gold Standard Returns?

Ron Paul was interviewed by David Asman on FOX Business Channel on Friday. They discussed the possibility of returning to some form of gold standard.

Ron Paul argued for competing currencies backed by gold or silver. He makes a point to say the currencies should not be controlled or mandated by any government. The idea is that rather than returning to a gold standard or sound money instantly, a more stable method would be to legalize competing currencies and eventually the fiat money would fall out of favor.

Watch the discussion below.

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