History of Ron Paul...

Since there is still quite a bit of discussion out there before the whole primary process begins about Ron Paul and what his presidential chances are I though it would be interesting to take a look back at some of the political history of Ron Paul...

In 1982, Ron Paul was the prime mover in the creation of the U.S. Gold Commission, and in many public speeches Paul has voiced concern over the dominance of the debt-based monetary system and called for the return to a commodity-backed currency through a gradual re-introduction of hard currency including both gold and silver. A commodity standard binds currency issue to the value of that commodity rather than fiat, making the value of the currency as stable as the commodity. Ron Paul supports the gold standard to prevent inflation. The Minority Report of the U.S. Gold Commission states that the federal and state governments are strictly limited in their monetary role by Article One, Section Eight, Clauses 2, 5, and 6, and Section Ten, Clause 1, "The Constitution forbids the states to make anything but gold and silver coin a tender in payment of debt, nor does it permit the federal government to make anything a legal tender." The Commission also recommended that the federal government "... restore a definition for the term 'dollar.' We suggest defining a 'dollar' as a weight of gold of a certain fineness, .999 fine."