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2008 campaign chair Kent Snyder first worked for Paul on the 1988 campaign—when U.S. Senator John McCain told him, "You're working for the most honest man in Congress.
On August 15, 1971, when President Richard Nixon closed the "gold window" by implementing the U.S. dollar's complete departure from the gold standard, he says he realized what the Austrian School economists wrote was coming true.[31] That same day, the young physician decided to enter politics, saying later, "After that day, all money would be political money rather than money of real value. I was astounded."[35]
On the House Banking Committee, Paul blamed the Federal Reserve for inflation,[34] and spoke against banking deregulation that allowed for the 1980s savings and loan crisis.[10] The U.S. Gold Commission created by Congress in 1982 was his and Jesse Helms's idea, and Paul's conclusions from the commission were published by the Cato Institute as a book, The Case for Gold;[31] it is now available from the Mises Institute, to which Paul is a distinguished counselor.
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