This might surprise some of you, but the world's best-known sound money advocate ain't down with the BitCoin. In the following video, Ron Paul explains that, while it should never be made illegal, BitCoin is just too complicated to ever actually work. Plus you can't put it in your pocket, which is apparently important to the septugenarian libertarian hero. He also touches on some hot button issues like the Boston Marathon bombing and how the old guard of the GOP is going the way of the dinosaur. Good stuff:
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I like him but he didn't really answer the gold question properly. Just went on and on about the dollar...
I saw this yesterday and was proud. He still doesn't understand the true function of currency though as a tool for international competition. But he at least backs his points with historical evidence.
If more politicians defended their points with this level of zeal it would at least make for a house that appeared to be in good order.
http://www.zerohedge.com/news/2013-04-23/ron-paul-bitcoin-if-i-cant-put…
Yes he is!
Wait I meant to say "Here it is", not "yes it is"
Great talk, thanks for posting
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