At a meet and greet in Altoona, Iowa, Rand Paul responded to Cruz’s suggestion we need sound money “ideally tied to gold”:
THE PULSE 2016: Senator Paul, monetary policy was injected into the last debate and was kind of your bread and butter. Senator Cruz talked about — actually during the CNBC debate, too — tying this to gold. As president, would you push a gold standard?
SEN. RAND PAUL: I think what we’d try to find out is to study the situation and see if we could have a currency that’s once again backed — when we did have a currency backed by a commodity, backed by gold or silver, the currency maintained its value. I think that there are many who argue that a stronger currency and a strong value is actually much better for an economy to grow, for real wages to grow, and for people to have real savings and not have their savings taken [inaudible]. So I do support the concept. How we get there is a more technical aspect, but I would definitely study it and see whether we could do it practically.