"Five Myths About the Gold Standard"

By Congressman Ron Paul | Congressional Record, February 23, 1981

A CLASSIC THAT HAS STOOD THE TEST OF TIME!

MYTH NO. 1: THERE ISN'T ENOUGH GOLD

MYTH NO. 2: A GOLD STANDARD WOULD ENABLE RUSSIA AND SOUTH AFRICA TO HOLD US HOSTAGE

MYTH NO. 3: GOLD CAUSES DEPRESSIONS

MYTH NO. 4: GOLD CAUSES INFLATION

MYTH NO. 5: GOLD WOULD BE SPECULATIVE

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