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[Jan. 15th, 2007|09:37 am]
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Texas Congressman Seeks Presidency

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Economic views

Paul's economic views oppose nearly all government intervention in the market. He supports the abolition of the income tax, most Cabinet departments and the Federal Reserve. He also endorses defederalization of the healthcare system. Paul's campaign slogan for 2004 was "The Taxpayers' Best Friend!".[7]


[edit] Support for the gold standard

In many public speeches Paul has called for the re-introduction of the gold standard, the effect of which would require the United States Government to make large purchases of gold and to issue currency only to the extent of its ownership of gold. Ron Paul supports the gold standard because currency inflation increases consumer prices [9][10].

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