Washington, D.C. – Bloomberg is reporting that the U.S. economy grew at a rate of just 1.2 percent in the second quarter of 2016. This is the third quarter in a row of sluggish GDP growth in the 1 to 1.2 percent range, marking the weakest stretch of economic growth since 2009. Ralph Benko, senior … [Read more...]
Working Americans across the country are struggling. We believe poor monetary policy is largely responsible. Wages are stagnant. The cost of living is rising and the value of the dollar is eroding, injuring the dignity and economic security of American workers with it. We believe action is needed to restore job creation, economic mobility, and the American dream.
- Accountability of the Federal Reserve through a full audit by the Government Accountability Office.
- A national monetary commission to explore the track record of alternate monetary policy regimes on our economy and empirically evaluate which options would best serve working Americans by preserving the value of the dollar.
- A renewed understanding and appreciation of the classical gold standard’s track record of supporting a rising standard of living, fostering job creation and economic mobility, and promoting equitable prosperity.
Media Picks Up On Trump’s Gold Standard Support Politico and NPR both highlight Trump’s November 2015 comments to GQ Washington, D.C. – In an interview with GQ in November of last year, Donald Trump indicated support for a shift in American monetary policy toward the gold standard. Trump's … [Read more...]
Is the GOP Going for Gold? Trump and Cruz Both Praise Gold-Based Monetary Policy https://youtu.be/LqofXgLAI04?t=39s Donald Trump tells GQ: "Bringing back the gold standard would be very hard to do, but, boy, would it be wonderful. We'd have a standard on which to base our … [Read more...]
Via CNBC: The reason, as I document in my book, "The Scandal of Money: Why Wall Street Recovers but the Economy Never Does" is that Washington and the Federal Reserve together have created a closed loop economy where the Fed creates money for the government and the S&P 500 and Main Street is … [Read more...]
Via The Weekly Standard: Today’s New York Sun editorial points us to The Scandal of Money: Why Wall Street Recovers but the Economy Never Does, the new book by economist and futurist George Gilder. The editorial heartily recommends Gilder's book, which makes the argument that America's current … [Read more...]
Via Forbes: Tired of struggling economically? Me too. George Gilder offers an explanation and a solution: restoring monetary integrity. It’s radical and goes far beyond primitive “supply side economics.” The axis of restored prosperity is “entrepreneurial ingenuity,” founded in all the … [Read more...]
Via New York The Sun: George Gilder’s brilliant new book — “The Scandal of Money” — underscores an odd fact. There’s an expanding list of newspapermen and writers who, having reached a certain age and covered the intellectual and political wars, have turned late in their careers and at the peak of … [Read more...]
Via DailyCaller: Trump baffles conservative elites: how with such a talented field of candidates we could we end up with an isolationist, big-government, trade-war nominee? But give the American people this much credit: they understand the economic game has been rigged: that while the crony … [Read more...]
Via FitsNews: The Federal Reserve, and its management of its one-and-only product, Federal Reserve Notes (a.k.a. money), has turned into a really significant issue in the 2016 presidential race. The GOP South Carolina primary happens on February 20th. The outcome will have a major impact both on … [Read more...]
Via The Weekly Standard: Most conservatives believe Donald Trump and Bernie Sanders have wrong solutions to the stagnation in wages and job creation that has marked the American economy since 2000. But Trump and Sanders have proven better vote-getters than conservative candidates because, … [Read more...]