Ron Paul and Why Sound Money Matters
Of all the issues that people attack Ron Paul for, the one they make the most fun of is his desire to return to sound money. That is very sad. It shows just how ill informed the American populace is about the danger of fiat money and why it was banned by the Constitution. Our founders knew better, we have forgotten.
To fully explore the issue takes entire books such as What has Government Done to our Money? by Rothbard and The Creature From Jekyll Island by Griffin and others. Very basically, fiat money is paper money that is not backed by anything. You cannot turn it into the government and get gold for it or silver, the way you used to be able to when we had silver certificates instead of Federal Reserve Notes. I know, this is kind of boring stuff, but bear with me. Read more.