Decides to enter politics

A physician for several years in his district before he went into politics, Paul decided to enter politics on August 15, 1971, when President Richard Nixon advocated a complete departure from the gold standard for the U.S. dollar.

He said, "After that day, all money would be political money rather than money of real value. I was astounded."

Paul became a delegate to the Republican Party of Texas convention in 1974.

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