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== Economic "Hard Money" ==

== Economic "Hard Money" ==

In [[economic]] terms, hard money is usually [[gold]] and sometimes [[silver]].  Hard money policy backs up paper [[fiat currency]] such as [[dollar]] bills with the right to exchange the paper for the [[precious medal]].  In other words, hard money can be exchanged for a set amount of gold or silver.  This was popular among [[conservatives]] in the late 1800s, and some [[conservatives]], such as [[Ron Paul]], advocate today a return to "hard money" (a specie standard based on gold).

In [[economic]] terms, hard money is usually [[gold]] and sometimes [[silver]].  Hard money policy backs up paper [[fiat currency]] such as [[dollar]] bills with the right to exchange the paper for the [[precious metal]].  In other words, hard money can be exchanged for a set amount of gold or silver.  This was popular among [[conservatives]] in the late 1800s, and some [[conservatives]], such as [[Ron Paul]], advocate today a return to "hard money" (a specie standard based on gold).

== Political "Hard Money" ==

== Political "Hard Money" ==