24/7 Newsfeed

Put Reason 24/7 on Your Site

RSS

Follow Reason 24/7 on Twitter and via RSS

GOP Looks to Gold

TAMPA, Fla., Aug. 24 (UPI) -- The Republican Party intends to call for a commission to study returning the United States to the gold standard, the party's platform committee chief said.

The proposed Gold Commission -- expected to be approved next week as part of the party platform at the Republican National Convention -- would peg the U.S. dollar to gold instead of to other currencies and interest rates as it is today, Rep. Marsha Blackburn, R-Tenn., the platform committee co-chair, told the Financial Times.

Source: UPI. Read full article. (link)

Editor's Note: We invite comments and request that they be civil and on-topic. We do not moderate or assume any responsibility for comments, which are owned by the readers who post them. Comments do not represent the views of Reason.com or Reason Foundation. We reserve the right to delete any comment for any reason at any time. Report abuses.

  • Virginian||

    Can someone with a better understanding of the economics of hard money do a quick little writeup of what we could expect from a return to the gold standard?

advertisement