Ron Paul, Presidential candidate for the Republican party, wants to do away with the Federal Reserve, fiat currency (meaning money that is backed by nothing), and return to a currency backed by something.

GC, a reader, posted the following reply to a recent article I posted:

I read these comments all the time about the federal reserve system with its extended tentacles worldwide, but NO ONE even the worlds leading economists have come up with an alternate solution
that could be implimented without causing a worldwide collapse of the financial markets.

Read the rest of this article at the gold investment site.

Related posts:

1. Ron Paul on ending the Federal Reserve
2. Full Reserve Banking: What is a reserve?
3. Government market control without the Federal Reserve
4. Full Reserve Banking and Home Mortgages
5. Federal Reserve M0 and H3 Explosion
6. Credit Cards and Full Reserve Banking
7. Ron Paul’s hard money is only part of the answer.
8. What is wrong with the Federal Reserve?
9. Trust in banking versus faith in money
10. M2 Money Supply report, May 18, 2006