JohnQPublic
18th January 2012, 03:26 PM
Gingrich Goes for Gold (http://www.weeklystandard.com/blogs/gingrich-goes-gold_617167.html)
...
“Part of our approach ought to be to reestablish something Ronald Reagan did in 1981 and that is to have a Commission on Gold to look at the whole concept of how do we get back to hard money.
“We need to repeal the Humphrey-Hawkins Act. We need to say to the Federal Reserve: your only job is to maintain the stability of the dollar because we want a dollar to be worth thirty years from now what it is worth now because that optimizes saving and investment because people know what they are going to back.
“The very purpose of founding the Constitution was landowners and property owners who did not want inflation. And they felt that under the Articles of Confederation they were increasingly getting inflated paper money.
http://www.youtube.com/watch?v=SWGS_TIuhbk
...
“Part of our approach ought to be to reestablish something Ronald Reagan did in 1981 and that is to have a Commission on Gold to look at the whole concept of how do we get back to hard money.
“We need to repeal the Humphrey-Hawkins Act. We need to say to the Federal Reserve: your only job is to maintain the stability of the dollar because we want a dollar to be worth thirty years from now what it is worth now because that optimizes saving and investment because people know what they are going to back.
“The very purpose of founding the Constitution was landowners and property owners who did not want inflation. And they felt that under the Articles of Confederation they were increasingly getting inflated paper money.
http://www.youtube.com/watch?v=SWGS_TIuhbk