Loop Variables and Gauge Invariance in (Open) Bosonic String Theory

We give a simplified and more complete description of the loop variable approach for writing down gauge invariant equations of motion for the fields of the open string. A simple proof of gauge invariance to all orders is given. In terms of loop variables, the interacting equations look exactly like the free equations, but with a loop variable depending on an extra parameter, thus making it a band of finite width. The arguments for gauge invariance work exactly as in the free case. We show that these equations are Wilsonian RG equations with a finite world-sheet cutoff and that in the infrared limit, equivalence with the Callan-Symanzik $\beta$-functions should ensure that they reproduce the on-shell scattering amplitudes in string theory. It is applied to the tachyon-photon system and the general arguments for gauge invariance can be easily checked to the order calculated. One can see that when there is a finite world sheet cutoff in place, even the U(1) invariance of the equations for the photon, involves massive mode contributions. A field redefinition involving the tachyon is required to get the gauge transformations of the photon into standard form.