Removing Objections For A Return To The Gold Standard - David Frum, Neoconservative New Dealer

Written By: Robert Murphy  |  Posted: Tuesday, April 13th, 2010

In the wake of Ron Paul's straw-poll victory at the CPAC convention, neoconservative author David Frum told CNN's readers that a return to the gold standard was both undesirable and impossible.
Frum and I have gone back and forth on the gold standard in the past, and I don't want to repeat those arguments. In the present article I'll raise new objections focused just on Frum's latest attack on the gold standard.

Frum Confuses Americans With FDR
After downplaying the significance of Ron Paul's win at CPAC, Frum concedes that many Americans have taken to Paul's message of tying the dollar back to gold. Frum thinks that such a quaint view ignores American history.
He writes, "G.K. Chesterton observed that you should never pull down a fence until you understand why it was put up.

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