So being on the gold standard and keeping a constant dollar value are inconsistent proposals.

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You want a kind of gold standard, with the dollar and other hard currencies acting as a substitute for gold.

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Hamilton, our first Treasury Secretary, brilliantly reorganized our national and state government finances and put the dollar on a gold standard.

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Lehrman also adds a rather detailed program to find an appropriate new gold parity for the dollar, and also for other currencies that would join the new world gold standard around the same time.

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This promise can be verified every minute of the day by observing the current rate of exchange between the dollar and gold, and, under a classical gold standard, by exchanging currency at a national bank for gold coins of a fixed weight and purity.

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The increase in growth made possible by these initiatives also would set the stage for additional growth augmenting policies including reform and simplification of the personal income tax code and restoration of gold as a standard of value for the dollar.

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Jude Wanniski, editor of Supply Side Investor, has been an outspoken critic of the floating dollar and argues that inflationary and deflationary cycles would be eliminated by a return to the gold standard.

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And the only reason people think about dollar convertibility again now is because conservatives are talking up a new gold standard.

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