If the International Monetary Fund does nothing else at its meeting that starts Thursday in Washington, it would be nice to see it — or someone — answer the Ron Paul question: Why do its articles of agreement actually prohibit members from linking their currencies to gold?
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Bbsrock / Via Wikipedia
POINTED QUESTION: Ron Paul, then a Republican congressman of Texas, asked why the U.S. government acquiesced in an agreement prohibiting members of the International Monetary Fund from maintaining a link between their currencies and gold. He never received an answer. Today, following the election of a president who calls the idea of a gold standard "wonderful," the question takes on a new sharpness. On Thursday, the IMF meets in Washington.
To those who didn't know the IMF prohibits member countries from linking their currencies to the classic measure of monetary value, no need to feel abashed. One of the savviest envoys America ever sent to the IMF just told us that he himself was nonplussed to discover that fact.
