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...]
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.
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...]
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...]
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...]
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...]
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...]