GOP Considering Return To The Gold Standard

The Financial Times is reporting that the GOP Platform Committee is seriously considering making a call for a return to the gold standard of part of the party platform at next week's Republican National Convention.

According to The Financial Times: "Drafts of the party platform... call for an audit of Federal Reserve monetary policy and a commission to look at restoring the link between the dollar and gold."

"The move shows how five years of easy monetary policy — and the efforts of congressman Ron Paul — have made the once-fringe idea of returning to gold-as-money a legitimate part of Republican debate. "Marsha Blackburn, a Republican congresswoman from Tennessee and co-chair of the platform committee, said the issues were not adopted merely to placate Paul and the delegates that he picked up during his campaign for the party’s nomination." Read the Rest of the Story