by Mitch Kokai
Senior Political Analyst, John Locke Foundation
President Reagan created such a commission in the early 1980s. But only two of its members favored creating a new gold standard—Ron Paul and Lewis Lehrman. Together they penned an impressive dissent that became a bestseller, The Case for Gold, which remains in print to this day. Senator Rand Paul (R–Ky.), son of Ron, is advocating this new commission, and Governor Romney should embrace the concept immediately.
Romney, while no fan of a weak dollar, hasn’t made the leap to relinking the buck to gold. But these steps would be a fine indication of his intentions to learn more about this critical subject.