The Gold Standard

Ron Paul's campaign put out a blog post today where they mentioned an interview with Alan Greenspan on Fox Business where he was asked about the role of the Federal Reserve and Gold-backed currency. I just so happen to have tracked down that interview:



Everywhere I look, I see people calling Paul a loon or worse for advocating a commodity-backed currency and the elimination of the Federal Reserve. I would imagine a lot of those same people hold Alan Greenspan in high regard. Listen to his answers in this video. I think you'll be surprised.

Update: The embedded video doesn't seem to work for me. Here's a link if you need it.