Herman Cain, Now No Longer A Contender, Calls For Gold Standard

Quite a change of tack from defending Fed secrecy while he was running -- `` Call for a return to the gold standard, and "the Washington establishment goes ballistic," writes Herman Cain in the Wall Street Journal. "Gold is kryptonite to big-spending politicians," because a return to the gold standard would mean the government could no longer manipulate the economy, Cain argues. In order to grow economically, the country needs "low tax rates and sound money." Cain, not surprisingly, thinks his 9-9-9 tax plan addresses the first ingredient, while the gold standard addresses the second. It's not perfect, but it's the best alternative we have to fix the economy.''