If you're on a gold standard, you have to guarantee your money is convertible to gold. That means your central bank sets its interest rates according to how much gold is on hand. If you happen to be losing gold, you have to raise interest rates, reduce the amount of money in circulation, so you can stay on the gold standard.

If — just suppose — you're in an economic downturn, and people are pulling a bunch of gold out of the banks, then you raise interest rates and reduce the amount of money in circulation, which keeps you on the gold standard... but also is exactly the opposite of the monetary policy you want when people are losing their jobs. It stops economic activity dead.

In other words, this modern crying-out for a gold standard in the midst of an economic crisis is of a piece with all the other claims that we ought to adopt policies not because they will help, but because they're painful, and we deserve pain, don't we? We've been very, very naughty, or we must have been, to get into this kind of trouble, and we need to punish ourselves. Or at least, Ron Paul needs to punish you. And trust me, this will hurt you more than it hurts him.

Read more: http://www.esquire.com/blogs/politics/ron-paul-gold-standard-bad-6654238#ixzz1o4oUit5j

Why so many people are choosing not to endorse Ron Paul (from reddit)

Ron Paul's beliefs and positions.

He defines life as starting at conception,

http://thomas.loc.gov/cgi-bin/query/z?c110:H.R.2597
http://en.wikipedia.org/wiki/Sanctity_of_Life_Act

Lies to maintain FUD regarding Abortion by claiming he "saw doctors throwing a live baby away to let it die"...

http://www.patheos.com/blogs/slacktivist/2012/01/03/say-anything-to-take-us-out-of-this-gloom/
http://www.slate.com/blogs/weigel/2011/12/29/the_ron_paul_fetus_rescue_test.html
http://www.rhrealitycheck.org/article/2012/01/01/why-iowa-caucus-is-about-abortion

Denies evolution, "At first I thought it was a very inappropriate question for the presidency to be decided on a scientific matter ... I don't accept it as a theory."

http://www.youtube.com/watch?v=V4af9Q0Fa4Q @ 2:45
http://liberalvaluesblog.com/2007/12/22/ron-paul-backs-creationism-denies-evolution/

Does not believe in separation of church and state,

http://www.lewrockwell.com/paul/paul148.html
http://www.irregulartimes.com/ronpaulseparation.html

Believes Education is not a right and wants to privatize all schools,

http://www.youtube.com/watch?v=tD8rJCbEVMg

Wants to repeal the federal law banning guns in school zones,

http://www.gpo.gov/fdsys/pkg/BILLS-112hr2613ih/pdf/BILLS-112hr2613ih.pdf

Denies Global Warming, "There is no convincing scientific evidence..."

http://www.lewrockwell.com/paul/paul537.html
http://www.youtube.com/watch?v=5vbMly74cZ8

Wants to get rid of FEMA and says we shouldn’t help people in disasters,

http://tpmdc.talkingpointsmemo.com/2011/05/ron-paul-you-dont-deserve-fema-help-also-im-running-for-prez-video.php
http://climateprogress.org/2011/05/14/ron-paul-%E2%80%98why-not%E2%80%99-abolish-fema-since-helping-victims-of-disaster-is-compounding-our-problems/
http://www.youtube.com/watch?v=h6YQYhk3GRE

Wants to build a fence at the US/Mexico Border,

http://clerk.house.gov/evs/2006/roll446.xml

Repeatedly has tried to prevent the Supreme Court from hearing Establishment Clause cases or the right to privacy,

http://thomas.loc.gov/cgi-bin/query/z?c110:H.R.300:

Pull out of the UN because "they have a secret plan to destroy the US",

http://thomas.loc.gov/cgi-bin/query/z?c110:H.R.1146:
http://www.activistpost.com/2011/05/ron-paul-announces-new-run-for-us.html
http://www.youtube.com/watch?v=4ArUoyuDd74
http://www.ronpaul.com/2011-05-25/ron-paul-defend-the-constitution-not-the-u-n-security-council/

Disband NATO,

http://www.house.gov/paul/congrec/congrec2004/cr033004.htm

End birthright citizenship,

http://thomas.loc.gov/cgi-bin/query/z?c110:H.J.RES.46:
http://www.lewrockwell.com/paul/paul346.html
http://www.dailypaul.com/140490/ron-pauls-views-on-immigration-do-you-agree-or-disagree
http://www.youtube.com/watch?v=FtDZZHrT8mY

Deny federal funding to any organisation "which presents male or female homosexuality as an acceptable alternative life style or which suggest that it can be an acceptable life style",

http://thomas.loc.gov/cgi-bin/bdquery/z?d096:h.r.7955:

Hired former head of Anti Gay Group to be Iowa State Director of the campaign,

http://thenewcivilrightsmovement.com/anti-gay-hate-group-chair-is-now-ron-pauls-iowa-state-director/politics/2011/12/29/32460

Wants to abolish the Federal Reserve in order to put America back on the gold standard,

http://thomas.loc.gov/cgi-bin/query/z?c110:H.R.2755:
http://www.house.gov/paul/congrec/congrec2006/cr021506.htm

He was the sole vote against divesting US Gov investments in corporations doing business with the genocidal government of the Sudan,

http://www.house.gov/paul/congrec/congrec2006/cr021506.htm

Was also the ONLY vote against a ban on Lead in childrens' toys,

http://www.chron.com/news/nation-world/article/U-S-House-votes-to-ban-lead-from-toys-1774056.php

He believes that the Left is waging a war on religion and Christmas,

http://www.lewrockwell.com/paul/paul148.html

He's against gay marriage,

http://www.lewrockwell.com/paul/paul197.html
http://theiowarepublican.com/2011/ron-paul-condemns-obama%E2%80%99s-decision-to-abandon-doma/

Will even legislate against gay marriage on a federal level and attempted to CRIMINALIZE efforts to overturn such a measure,

http://en.wikipedia.org/wiki/Marriage_Protection_Act
http://www.ibtimes.com/articles/274704/20111230/ron-paul-proposal-severely-curtail-supreme-court.htm

Has even made it a point to base his campaign on Religion and being against Gay Marriage,

http://imgur.com/11Q77

Thinks Sexual Harassment shouldn't be illegal,

http://www.politicususa.com/en/ron-paul-sexual-harassment

Is against the popular vote,

http://www.lewrockwell.com/paul/paul214.html

Wants the estate tax repealed,

http://www.lewrockwell.com/paul/paul328.html

Believes that the Panama Canal should be the property of the United States,

http://thomas.loc.gov/cgi-bin/bdquery/z?d106:h.con.res.231:

Believes that the International Baccalaureate program is UN mind control,

http://www.congress.gov/cgi-bin/query/z?r109:E14AP5-0007:

Has associated with the founder of Stormfront, a White Power/Nazi Website,

http://www.freakoutnation.com/wp-content/uploads/2010/05/RonPaulStormfront.jpg

Keeps their donations,

http://www.msnbc.msn.com/id/22331091/ns/politics-decision_08/t/paul-keeps-donation-white-supremacist/

And does nothing to prevent their association with his campaign.

http://patdollard.com/2011/12/white-supremacist-founder-of-stormfront-says-his-followers-are-volunteering-for-ron-paul%E2%80%99s-campaign/

Has gone on record that he had no knowledge of the content of the racist newsletters that bore his name AND signature,

http://www.vice.com/read/ron-paul-is-a-racist-leprechaun
http://www.theatlanticwire.com/politics/2011/12/ron-paul-denies-writing-coming-race-war-letter-he-signed/46622/

But has not only quoted them, but personally defended the newsletters in the past,

http://thinkprogress.org/politics/2011/12/27/395391/fact-check-ron-paul-personally-defended-racist-newsletters/
http://www.salon.com/news/feature/2007/06/02/ron_paul/

And later admitted he WAS aware of the contents and that only "some of [it was] offensive."

http://www.youtube.com/watch?v=vuWXnI97DwE

His issues with race go as far as to vote against the Rosa Parks medal (sole vote, again), saying it is a "waste of taxpayer dollars" and that it was unconsitiutional...

http://ronpaulsurvivalreport.blogspot.com/2008/02/how-to-nail-paultard-part-1-rosa-park.html

Despite the fact that the bill itself is very clear about a separate fund. All profit from this fund is returned to the Treasury.

http://www.govtrack.us/congress/billtext.xpd?bill=h106-573

However, he had no issues with using taxpayer funds to mint coins for the Boy Scouts,

http://www.govtrack.us/congress/bill.xpd?bill=h110-5872

AND introduce legislation that would spend $240 Million making medals for EVERY veteran of the Cold War,

(Archive.org Mirror) http://web.archive.org/web/20090604122724/http://www.theseminal.com/2007/12/30/ron-paul-lets-spend-240-million-on-commemorative-medals/

http://en.wikipedia.org/wiki/Cold_War_Victory_Medal
http://www.gpo.gov/fdsys/pkg/BILLS-107hr3417ih/html/BILLS-107hr3417ih.htm

But didn't bother to repeat his previous argument those times that such an act would be unconstitutional as he had with the Rosa Parks Medal.

http://ronpaulsurvivalreport.blogspot.com/2008/05/ron-paul-no-on-rosa-parks-yes-on.html

Introduced legislation, twice, that would allow schools to re-segregate.

http://thomas.loc.gov/cgi-bin/bdquery/z?d096:HR07955:@@@D&summ2=m&

His SuperPAC is headed by Thomas Woods who is the founder of the League of the South, of which the Southern Poverty Law Center (SPLC) labeled a "racist hate group."

http://www.revolutionpac.com/advisory-board/
http://en.wikipedia.org/wiki/Thomas_Woods
http://en.wikipedia.org/wiki/League_of_the_South

Also in association with the League of the South via Thomas Woods is the Mises Institute, of which Lew Rockwell is an Administrator...

http://en.wikipedia.org/wiki/Mises_Institute#Faculty_and_administration
http://en.wikipedia.org/wiki/Mises_Institute#Criticisms

Is against Hate Crime laws,

http://www.ronpaul.com/2009-07-02/ron-paul-collectivist-hate-crimes-bill-a-serious-threat-to-freedom-of-speech/

Would have voted against the Civil Rights Act of 1964,

http://www.theatlanticwire.com/politics/2011/05/ron-paul-would-have-opposed-civil-rights-act-1964/37726/
http://www.ohioverticals.com/blogs/akron_law_cafe/2011/05/ron-pauls-position-against-civil-rights-act-of-1964-and-against-segregation-laws/

http://www.rawstory.com/rawreplay/2011/05/ron-paul-suggests-basic-freedoms-come-second-to-property-rights/

He also believes The Civil Rights Act destroyed Privacy,

http://www.huffingtonpost.com/2012/01/01/ron-paul-civil-rights-act_n_1178688.html

Despite always "voting against earmarks," he was only one of four House Repubs to request earmarks in 2011 for over $157mil. (And in FY 2010, was one of the leading House members in requesting earmarks for a total of $398mil.)

http://ricochet.com/main-feed/Ron-Paul-s-Earmarks
http://paul.house.gov/index.php?option=com_content&view=article&id=1033&Itemid=68

And during his entire tenure, he has managed only one, out of 620, of his bills to get signed into law.

http://www.washingtonpost.com/politics/ron-pauls-house-record-stands-out-for-its-futility-and-tenacity/2011/12/23/gIQA5ioVJP_story.html

Ron Paul is not a constitutionalist. He is not a civil libertarian. He's a secessionist, a fundamentalist and a confederate.

http://nomoremister.blogspot.com/2011/12/ron-paul-not-civil-libertarian-last.html

Want more? Go here.

http://www.freethoughtpedia.com/wiki/Ron_Paul

Ron Paul's Newsletters. Scanned. See the originals for yourself. They're worse than they've been quoted for.

http://rpnewsletter.wordpress.com/