The gold standard has returned to mainstream US politics for the first time in thirty years with a “gold commission” set to become part of official Republican party policy.
Drafts of the GOP platform, which it will adopt at a convention in Tampa Bay next week, call for an audit of the Federal Reserve’s 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 part of GOP debate.
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