OK, first, I just want to start off by saying that I love Ron Paul – he’s a great Congressman, but he’s not going to be the nominee for the Republican Party. He’s still got a functional website and he’s still in the race (he’s even got a section about “Now There Are Two,” but what’s with the Ron Paul supporters?
I saw on Reddit earlier this week a post about maybe Ron Paul was right about going back on the gold standard. It’s the 3rd entry (click to enlarge):
Now, Reddit is pretty Obama- and Paul-biased, but still – this is how long after, and we’re still getting Ron Paul stories? There was even one comment: “Feels good for Ron Paul to be back on top of Reddit again.”
Here’s the link to the actual story: http://www.thedailygreen.com/environmental-news/latest/oil-gold-commodities-47041507. And here’s the link to the Reddit thread: http://reddit.com/info/6fw6w/comments/.
Now, a little comment about my views of the gold standard. In theory, it’s a GREAT idea (but so was communism). Frankly, I don’t know enough about economics yet to speculate on whether it would work – I know enough so that I can tell you that the reason for the mortgage crisis we’re in now is because of giving mortgages to people who never should have gotten them, and abuses in credit, but when it comes to speculating about inflation, I leave that to the experts (who don’t even all agree). The thing is, we’ve been off of the gold standard for so long that it’d take a while to fix it. Consider the gold standard method a generally straight line, and inflation a line curving up. We’d have to all of a sudden bring that line back down to the line that the gold standard is on, and that big of a jump wouldn’t exactly be easy on the economy.
Anyway, I say all of this to summarize that, yes, I love Ron Paul, but the pro-Ron Paul people have to calm down and realize it’s over. Now, let the angry Paulites begin…