Tuesday, January 26, 2010

Richard Nixon's Grandson, Running For Congress

Chris Cox, grandson of former president Richard Nixon and son of current New York State GOP Chairman Ed Cox, is running for Congress.

Cox, a former associate at Weil, Gotshal & Manges, where he worked in their private equity group, and Executive Director of the New York arm of John McCain's 2008 presidential campaign, is running in NY's 1st Congressional for the seat now held by Democrat Tim Bishop.

While Cox's grandfather is most well known for resigning from the Office of the President as a result of his role in the Watergate cover-up, it should be noted that, while president, Nixon cut the final links between the dollar and gold.

In the eyes of a few, including Hans Hermann-Hoppe, this act removed the final key economic restraint on government, a restraint that prevented the government at some future point from blundering into a destructive hyper-inflation.

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