The sad thing is that sane people like Ron Paul are literally a dying breed. Ron Paul, although a physician by training, is just about the only person in this country who is economically literate enough to speak with authority about sound money, the dangers of money printing, and the gold standard. Only someone of Ron Paul's age remembers first hand the relative stability of the gold standard---ultimately abandoned entirely in 1971 when the Bretton Woods accord was abandoned. The subsequent 40 years is a story of inflation and economic instability.
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Ron Paul: No Substitute for Sound Money
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The sad thing is that sane people like Ron Paul are literally a dying breed. Ron Paul, although a physician by training, is just about the only person in this country who is economically literate enough to speak with authority about sound money, the dangers of money printing, and the gold standard. Only someone of Ron Paul's age remembers first hand the relative stability of the gold standard---ultimately abandoned entirely in 1971 when the Bretton Woods accord was abandoned. The subsequent 40 years is a story of inflation and economic instability.