How do we make the transition from the Fed to gold as money?
Should we pass a law abolishing the Fed, how long would it take to get rid of it? When returning to a gold standard, would all existing dollars be backed by gold/silver or would they be gradually phased out (if so please describe the phase out process)? Do you support giving the Fed only the power to be a "clearinghouse"?
3 comments
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Mark Nadeau commented
Our country has moved away from the Constitution and we need to get back to a Republic America. See Dollars & Sense DVD by John F, McManus. We need to get back to the gold standard.
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newt commented
Ron Paul mentioned that is platform was to allow competing currencies.
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Nick
commented
Some states have considered / are considering honest money legislation to help restore Constitutional money at the state level.