To the Tea Party, gold is money
You can train a seal to balance a ball on its nose--and this learned talent is about as much as anyone in the Tea Party, including their icon Ron Paul, appears to know about economics.
Watch this loon flap furiously for five minutes, trying to lift off the lake but barely getting above water, blowing his own time with the Fed Chairman on his own fringe economic theory, ultimately asking the Federal Reserve Chairman if he believes gold is money.
Yes, Ron Paul thinks gold is money in the modern world--in which the science of economics has paralleled the development of paper and later electronic currency--as it was in the ancient one, where there was no economic science at all.
If you too think gold is money, try swiping a troy ounce of it sometime through the card scanner at the supermarket. Or try spending seven gold bars on a car instead of financing a 48-month lease.
I'll bet you have to convert this asset to actual money if you want to do anything at all with it other than make good electronic circuitry or cap a tooth.
Ron Paul and his ilk have now cost Americans about $1,000 a household--that's how much over time we'll pay owing to the consequences of a diminished credit rating, thanks to the Tea Party Downgrade. They'll end up costing American households thousands more if the billionaire-controlled Tea Party's influence in Washington doesn't diminish with the next election.