Ron Paul would end the Fed and return to the gold standard

Ron Paul: How to end the economic downturn and get back on track? End the Fed and return to the gold standard. Some people in the GOP like the idea. I don't expect that to happen. FDR took the country off gold in 1933, because he wanted to spend money on New Deal programs that the country didn't have. Specifically, the U.S. was in a deflationary period, and he wanted to create inflation and spend money wildly. He accepted Keynesian economics, which maintained that we could spend out way out of the depression. It didn't work. World War II ended the depression. Never forget that. But we've been madly spending money for the past 80 or so years, especially in the past 3 years. That has also failed.

Remember the saying, Something that can't go on forever, won't.