National Review declares Ron Paul’s views on monetary policy to be marred by “illogic, misapprehension, and paranoia,” and then goes on to repeat the standard Keynesian claims about money illusion, deflation, output, and “the drawbacks to a gold standard.” The piece considers as a good idea a “money rule” by which the Fed would simply increase the money supply by a fixed amount every year — the idea Milton Friedman eventually gave up on, having concluded there was zero chance of such a thing ever happening.