Economics

Gold is Money

Money with independent value is a crucial component of a free society and a free market. Gold has proved, throughout history, to be the ideal monetary commodity because it is universally valuable and has a steady supply growth. The classical gold standard produced the highest levels of long-term price stability and economic growth of all U.S. monetary systems. The current paper dollar standard has caused financial disorder and kept the American economy from reaching its potential.

We promote gold-backed monetary reform at the national and state levels, and work to educate lawmakers and policymakers about the need for such reform. We communicate these themes through the mainstream media, and engage activists and voters on this issue. We championed a presidential commission on gold, before it was included in the Republican primary contest. We have led the movement to use states’ constitutional legal tender power to monetize gold, and have reached mass audiences though commercials and town halls across the nation.

Pensions Project

State and local governments are feeling the pressure of a combined $4.4 trillion in unfunded retirement liabilities. Unless bold reform takes shape, they will be left to raise taxes and cut public services, in order to fund pension payouts. We believe pension reform should be grounded in three principles: truth, equality, and fiscal federalism. This means that government disclosure of pension debt should be truthful, retirement compensation for public and private-sector workers should be in line, and that the states and localities, rather than the federal government, should dictate pension reform.
We are unique in advocating these principles in the public pension debate. We promote these principles through model legislation, media, and public engagement.

State Legal Tender

State Legal Tender was created to foster discussion about the ability of states to use hard money. At a time when citizens are becoming increasingly frustrated about the dollar’s loss of purchasing power, enabling them to use gold and silver coins as currency is a first step toward fixing our dysfunctional monetary system.

Steve Lonegan Discusses Fix the Dollar on Iowa Radio

Steve Lonegan with Jan Mickelson in the WHO Radio studio

Steve Lonegan, our director of monetary policy, was in Iowa last week touting our Fix the Dollar project and he made several radio appearances.  On Monday, 9/22/14 he was on Jan Mickelson's show on WHO Radio 1040 AM who is based in Des Moines.  You can listen to that clip below.   On … [Read more...]

Federal Reserve Achievement: Rich Getting Richer, Poor Getting Poorer, Middle Class Being Squeezed

Media coverage of Federal Reserve Chairman Janet Yellen’s speech ignores the continuing predicament of the middle income American. Sure, those with highly leveraged portfolios or a large pile of retirement assets might care, but that’s not the median income worker. For conversation sake let’s call … [Read more...]

Opinion: There ain’t no such thing as a free market

Steve Lonegan in MarketWatch Well-meaning conservative and libertarian groups beat the drum for something called “free markets.” Liberal groups blame these “free markets” for many of the world’s evils. Here’s the harsh reality neither side will tell you. There ain’t no such thing as a “free … [Read more...]

Steve Lonegan: Americans Need to Fight for Value of Dollar

Gold Dollar (credit: Wiki Commons by Saperaud)

By Steven Lonegan in The Record Historically, Americans have been willing to fight for the value of their money, so recent complacency over the destruction of the dollar is disturbing. THE U.S. economy continues to struggle. Wages remain stagnant for working families. Inflation slowly diminishes … [Read more...]

NRO: GOP Should Address Falling Value of Wages

By Maggie Gallagher in the National Review Online.  Read the full article here. I was in the Eisenhower Lounge of the National Republican Club, where the executive directors of the RNC, the NSRC, the NRCC, the RGA, and the RSLC called a press conference to announce: The Rs think Republicans are … [Read more...]

Forbes.com: Paul Volcker’s Call For A ‘New Bretton Woods’ Is Important

Originally published in Forbes.com by Ralph Benko Seth Lipsky, the editor of the storied New York Sun (a brand distinguished by the long residency of Henry Hazlitt), recently, in theWall Street Journal, brought to wider attention certain remarkable recent comments by Paul … [Read more...]

The Hill: Spirit of Jack Kemp Rides Again

Originally published in The Hill by Ralph Benko Jack Kemp was one of very few transformational political leaders of the 20th century.  He incontrovertibly was the political prime mover in raising the world’s wealth to $100 trillion (trillion with a t).  As this writer elsewhere has … [Read more...]

RNC Calls on Congress to Bring Centennial Monetary Commission Legislation to a Prompt Vote

Washington, D.C. – The Republican National Committee, voted unanimously today to adopt a resolution calling on Congress to bring forward a vote on the the Centennial Monetary Commission legislation. The resolution states, “The United States House of Representatives [are] to give H.R. 1176 … [Read more...]

WSJ Marketwatch: What’s So Bad About Falling Prices? Nothing!

Wall Street Journal's Marketwatch: As Ben Bernanke hands over the Federal Reserve chairmanship to Janet Yellen at the end of January, leadership of the central bank will be passed from one strident deflation foe to another. All the way back in 2002, Bernanke in his speech “Deflation: Making … [Read more...]

Sean Fieler Discusses Yellen Confirmation on BBC

APP chairman Sean Fieler went on BBC to discuss the confirmation of Janet Yellen to head the Federal Reserve as well as the high level of controversy surrounding her economic policies.  You can listen to the full interview here. … [Read more...]