Republicans Consider a New Gold Standard?

Look, This seems almost, almost, worthy of the pigs fly file. But I’m not going to put it there for the time being.

It seems the Republicans are considering inserting a “gold commission” provision into the party platform.

I wish I could believe that the GOP will come down on the side of hard money in the end, but I just can’t see it. However, this is important because this is how politics is done.

Politics is a messy horrible business nearly all the time but the fact that this provision is being considered is a testament to Ron Paul and his efforts. The GOP is showing that it needs to get the Paulites on board (which it does).

Now is the time to play poker with the establishment and move the ball forward for those of us who still value our liberty. We have quite a lot of capital to spend thanks to the tireless work of Ron Paul and the Paulites. Now we “realize some profits.” Even if it means Paul is not the GOP nominee. Wiggle in so deep the establishment can’t get rid of us.  This my friends is politics.

Let them think they’re placating us. Then hold onto our gains like a pit bull on a tire swing.

(From CNBC)

The proposal is reminiscent of the Gold Commission created by former president Ronald Reagan in 1981, 10 years after Richard Nixon broke the link between gold and the dollar during the 1971 oil crisis. That commission ultimately supported the status quo.

“There is a growing recognition within the Republican party and in America more generally that we’re not going to be able to print our way to prosperity,” said Sean Fieler, chairman of the American Principles Project, a conservative group that has pushed for a return to the gold standard.

A commission would have no power except to make recommendations, but Fieler said it would provide a chance to educate politicians and the public about the merits of a return to gold. “We’re not going to go from a standing start to the gold standard,” he said.

The Republican platform in 1980 referred to “restoration of a dependable monetary standard,” while the 1984 platform said that “the gold standard may be a useful mechanism”. More recent platforms did not mention it.

Click here for the article.