Saturday, May 21, 2011

GOPers embrace unorthodox tax plans

The time is politically ripe for a return to sound money. Now we need to get the candidates talking about enforcing the Constitutional requirements for that sound money: gold and silver coin.

POLITICO: "GOPers embrace unorthodox tax plans"
By BYRON TAU & BEN SMITH | 5/20/11 6:19 PM EDT

In this Republican primary season, no economic or monetary policy is too unorthodox for an electorate hungry for change.

The Republican field is filled with potential candidates who have called for radical overhauls of the tax code, the abolition of the IRS, an end to the Federal Reserve central bank— and even a return to the gold standard... mainstream figures in the Republican Party — including [former Minnesota Gov. Tim] Pawlenty and Indiana Rep. Mike Pence — have flirted with monetary theories like the gold standard or fixing the U.S. currency to a commodities basket.


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