1. Skip to navigation
  2. Skip to content
  3. Skip to sidebar
Source link: http://archive.mises.org/20824/gold-commission-ii/

Gold Commission II

January 31, 2012 by

Lewis Lehrman, a member of the 1981 Gold Commission who coauthored the Commission’s Minority Report with Ron Paul is calling on Romney and Santorum to join Ron Paul and Newt Gingrich in calling for a restoration of sound Constitutional money.

{ 8 comments }

Bogart January 31, 2012 at 1:10 pm

There is no way that “Go to the Moon” Gingrich is ever, unless forced to at gun point, going to re-establish the Gold Standard. Neither are the other two clowns. They are all big government want to kill outsiders types who can not wait to get the money currently raining down from the Fed on them instead of Obama.

Peter January 31, 2012 at 1:34 pm

Agreed Bogart

Jim January 31, 2012 at 1:40 pm

Hard to be enthusiastic about that. If ending the Federal Reserve system isn’t part of Gingrich/Romney’s policy goals, it would just be a way to set up the gold standard for failure. Then, when it fails, they can say “See? Gold did this!” setting sound economy back another 50 years or so.

Huebert January 31, 2012 at 2:57 pm

Anyone other than Ron Paul will at most set up another gold commission that will, like the previous one, recommend that we continue with our fiat monetary system. Ron Paul’s point in pushing this is, like the point of his candidacy in general, to get people talking, learning, thinking.

Michael January 31, 2012 at 4:24 pm

Ron Paul is the only candidate that really gets it when it comes to monetary policy. At best, all the other candidates think the only negative to money printing is the possibility of price inflation down the line, and only to the extent that the economy is at or near some holistc resource ceiling. PLEASE! Not one of these people other than Paul see the much more deadly result of money printing, that being the boom bust cycle.

As for the gold standard, imho, while it would be a huge improvement over fiat money, its a system set up to fail unless with it goes the end of government backed fractional reserve banking – indeed as Rothbard argued, the outlawing of fractional reserve banking itself

Capn Mike January 31, 2012 at 6:37 pm

re: outlaw fractional banking…
With the caveat that if FULL disclosure is made, to allow deposits with (probably) greater returns in exchange for the greater risk. Of course No FDIC!!!

sidlepeter February 1, 2012 at 3:34 am

Thank you for this blog. Thats all I can say. You clearly know so much about the subject, you have covered so many bases. Great stuff from this part of the poker. Again, thank you for this blog.
game blog

Ned Netterville February 1, 2012 at 11:19 am

Good to see that no one who visits Mises.org is fooled. Restoration of gold money will be done by people–not government.

Comments on this entry are closed.

Previous post:

Next post: