Ron Paul has been the leading champion of sound money in the Congress. Here he explains why sound money has meant the gold standard. Paul maps out a plan to bring about a dollar that would be protected against manipulation by government and central bankers. Part of that strategy is the minting of a new gold one, but the more far-reaching plan involves a redefinition of the dollar and complete monetary competition. This monograph first appeared in 1981, and it has been in wide distribution ever since.