Returning to some version of a gold standard is going to be a part of the party platform. The British Keyneisans and socialists (or do I repeat myself?) at the Financial Times conclude that by depriving the Fed of the ability to attempt Soviet-style central planning of the economy a gold standard will cause more unemployment. Of course, these are the same people who sneered and laughed at Austrian economists who were warning of a real estate bubble as early as 2001; who advocated the creation of a housing bubble to replace the bursted stock market bubble; who admitted to … Continue reading The Ron Paul Effect at the GOP Convention