Economics

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.

We demand:

  • 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.

Gilder: Trump Can Succeed on Trade by Ending Global Currency Manipulation

Via The Federalist: Folks, we have a consensus here. Formidable thinkers such as Paul Krugman, Larry Summers, and David Stockman, some 370 economists including 19 Nobel Laureates, and editors at the Economist, Fortune, and Barron’s all believe that Donald Trump as president is a menace to world … [Read more...]

Vocal Point – Frank Cannon

Via JerryNewcombe.com: The recent defeat of the governor of North Carolina, after a long recount battle, has been interpreted as a defeat for conservative principles—since much of the contest centered around “open bathrooms” (to accommodate transgenders). Frank Cannon, the president of the … [Read more...]

PRESS RELEASE: McCrory Didn’t Lose Because HB2 Was A “Social Issue”

Unable to defend the merits of Charlotte's radical ordinance which HB2 struck down, Leftists resorted to corporate extortion and bullying to damage Gov. Pat McCrory's image among North Carolina voters Washington, D.C. – Gov. Pat McCrory (R-North Carolina) has conceded his race to Democratic … [Read more...]

APP Releases Statement on Sessions Attorney General Selection

Washington, D.C. – In response to news reports that President-elect Donald Trump has selected Senator Jeff Sessions (R-Alabama) to be the next Attorney General, Frank Cannon, president at American Principles Project, released the following statement: "On life, education, religious freedom, sound … [Read more...]

Bloomberg: Facebook Fortune Behind Push for Fed to Sharpen Focus on Jobs

Via Bloomberg: When Kendra Brooks left her low-income neighborhood in north Philadelphia last month and flew to the Federal Reserve’s annual symposium in Jackson Hole, Wyoming, she did so on the dime of a Facebook Inc. co-founder. Brooks made the 2,100-mile trek to argue for big changes at the … [Read more...]

PRESS RELEASE: Hillary Clinton Elevates the Federal Reserve to “God-Status”

Democratic nominee suggests the Fed is infallible and beyond reproach Washington, D.C. – On Wednesday, Hillary Clinton lashed out at Donald Trump’s recent criticism of the Federal Reserve, arguing that monetary policy should be completely off-limits as a campaign issue: “You should not be … [Read more...]

WSJ: The Fed Needs Adult Supervision. Time to Pass This Bill.

The Wall Street Journal urges Senate to pass Centennial Monetary Commission Act Washington, D.C. – After meeting with progressive lobbyists at the Federal Reserve’s annual Jackson Hole retreat, Fed policymakers declared on Friday that the Fed needed new “tools” to manage the economy, … [Read more...]

PRESS RELEASE: 1.2 Percent Growth Means Hillary Is In Deep Trouble

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...]

PRESS RELEASE: Media Picks Up on Trump’s Gold Standard Support

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...]

PRESS RELEASE: Is the GOP Going for Gold?

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...]