The gold standard, for one, Arjay.

>>Ron Paul's debt solutions based on false premises? What are they?<<

This is Ron talking to Steve Forbes earlier this year.

"If we were stranded on an island and one of us decided, "Well, we need some money. So we're going to take these pieces of paper and I'll write numbers on them and it'll be money," it would be preposterous. Money comes out with real value. So over the many, many centuries, literally thousands of years, gold and silver has been used"

http://www.forbes.com/2010/01/13/gold-standard-fed-intelligent-investing-ron-paul.html

Spot the fallacy, Arjay.

If you were stranded on a desert island, there would be absolutely no difference between a piece of paper with numbers on it, and a piece of gold.

Think about it.

"Here" says Paul Gaugin, "I'm hopeless at fishing, here's a piece of paper in exchange for the fish you just caught. When I catch some, you can give it back"

"That works for me" says Robinson Crusoe.

Both are happy.

"Ah," says Arjay. "But what's stopping Paul just writing out another piece of paper when he wants some more of Robinson's fish?

Well, nothing, actually.

Robinson might be happy to collect any number of them from Paul, for a time. Then he thinks, wait a minute, I'm not accepting any more of Paul's bits of paper until he catches some damn fish, and I can swap the paper back for them."

But at least Paul has been fed for a while.

In Ron's gold standard, it would work this way.

"Here, Paul" says Robinson Crusoe, "I'm hopeless at fishing, please accept this coloured rock in exchange for the fish you just caught. When I catch a fish, you can give it back to me"

"With pleasure," says Gaugin.

Next day, Gaugin catches some more fish, and Robinson once again catches none. But Robinson has given away the only piece of yellow rock on the island. He will have to go hungry, until he learns to catch fish.

What can he do?

"Hey Paul" he says, "here's a piece of paper..."

Both are happy.

Pericles,I agree that the gold standard is flaw in RP's ideals since there is not enough gold on the planet to be a floor for any currency.However we could use a wider spectrum of value ie Govt assets,energy,minerals etc to underpin a currency,so that the banksters don't thieve by the creation of too much fiat currency.

Ron Pual has you nailed Pericles,since you and the Wall St thieves will then have their wings clipped and thus you will have to get a real job.
I would offer you one in my factory if you had the skills,but alas the dinosaurs of corporate greed/oppression,lack the creativity and integrity to make it to this new awakening.