Can someone explain Ron Paul's economic policy?

Question

Why does he want to return to the gold standard? I know It would return stability but there are also many draw backs to the gold standard. Aren't there?

Answer 1

Simple as:

1---http://en.wikipedia.org/wiki/Ron_paul

2---http://en.wikipedia.org/wiki/Gold_standa...

3--- Read

Answer 2

That's about it, the gold standard and almost zero government intervention. There are no drawbacks, the world was doing fine with gold backed money back in the day. Money is supposed to be scarce and to retain value over time. Anyone who sez "But the economy needs more money LOL!" is rong, the economy doesnt need more money, it needs whatever money there is to be invested, preferibly in productive activities instead of get rich quick financial ponzi schemes.

What, you like inflation? You like the idea of paying the government a 3% interest over capital gains AND principal just like that?