- He was being an ass by setting himself up as "opposed" to Ron Paul and Austrian economics. Even Ron himself is a bit vague about what the appropriate solution is, other than competing currencies. Obviously we all agree on the problem.
- Abolish the Fed. Sounds good.
- No US Federal Debt. Who can complain about that?
- Gold backed US currency: When establishment shills like Larry Kudlow call for a "partial gold backing" of US dollars, there should be concern. Bill seems to have that concern.
- US Federal Notes, backed by nothing: I like the idea, as long as there are competing currencies. It has been done before, and people are comfortable with it. It also takes care of the concern that people have when they say "but there isn't enough gold for it to be a currency".
- No fractional reserve banking with the US Federal fiat currency. This makes sense, and is in essence, a prohibition on counterfeiting currency.
- State Banks. I don't know all the details, but it sounds good.
- My idea for the first competing currency: Have the US Mint continue it's gold and silver bullion programs, and expand them. Coins will be "denominated" by weight. For example, one once, 1/2 ounce and 1/10 ounce bullion coins. No other value given. No "US Dollar" face value, no built-in exchange rate, no predetermined value relative to anything. Just coins marked with metal content.