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Monday, October 20, 2003
From the Texas Republican party platform...
Monetary System – The Party calls for the United States monetary system to be returned to the gold standard. Since the Federal Reserve System is a private corporation, has no reserves, and is not subject to taxation or audit, we call on Congress to abolish this institution and reassume its authority, enumerated by Article I, Section 8 of the United States Constitution, for the coinage of money.
Do they seriously support the gold standard? Guys, that went out with William Jennings Bryan. This plank seems more like the remnant of a high school history class project, not an actual substantive policy statement in 2003. It's pretty much a moot point anyway, given the way that gold is valued these days.
In less serious commentary, there are some great names on that platform committee. "T. Skip Leake," "Roy V Casanova," "Johnny E. Lovejoy," "P.J. Lemons." Mmm. Good short-story names.
Incidentally, W.J. Bryan is pretty cool.