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.

PRESS RELEASE: Trump Calls for Fed Rate Increase and a “Recession-Slash-Depression”

February 5, 2016 FOR IMMEDIATE RELEASE Contact: Jon Schweppe 202-853-1524 jschweppe@americanprinciplesproject.org   Trump Calls for Fed Rate Increase and a “Recession-Slash-Depression” APP Senior Economic Advisor Ralph Benko: “This could be absolutely catastrophic.” WASHINGTON, … [Read more...]

Ralph Benko: Which Presidential Aspirant(s) Would Make America (And You!) Prosper?

Via Granite Grok: As I recently wrote in my Forbes.com column, “Presidential elections are about, above all, just two things: our security and our prosperity.” The GOP candidates have been emphatic about our national security, about which more in a bit. All of them strangely have been pretty … [Read more...]

Ralph Benko: The Missing Issue in the 2016 Presidential Election

Via NH Insider: Something is missing from the front-and-center of the presidential campaign. The American economy has long been stagnant. We are growing at maybe half the historic trend line and far beneath that of the robust growth of Reagan and Clinton. Anemic 2% growth may not seem like a … [Read more...]

Ralph Benko: Cruz is smart to campaign on the gold standard

Via The Hill: Sen. Ted Cruz (R-Texas) has propelled the gold standard out of long political hibernation and into the 2016 presidential campaign. Donald Trump, Ben Carson, Sen. Rand Paul (R-Ky.) and Mike Huckabee have spoken sympathetically about it. GOP voters do seem, at the very least, supportive … [Read more...]

Terry Schilling: Why the Federal Reserve never stood a chance

By Terry Schilling and Max Rangeley Via Rare: For the most part, tax, regulatory, fiscal, and labor policies differentiate from country to country. This makes it difficult to point to any one of these specific areas to explain the current global economic slowdown that we have been experiencing for … [Read more...]

Op-Ed: Ted Cruz Has The Best Idea In The Presidential Debate: A Return To The Gold Standard

Via Forbes: By Ralph Benko There actually is abundant evidence that Ted Cruz’s proposal of the gold standard is the very best idea in the presidential debate so far and that Cruz is to be commended for it. There’s far more evidence for the goodness of gold than for considering it a bad idea. … [Read more...]

“Antiquated” Federal Reserve Raises Interest Rates For First Time In Nearly A Decade

APP Executive Director Terry Schilling: “We need the Fed to get out of the way and let the free market determine interest rates.”  Washington, D.C.– The Federal Reserve announced today in a unanimous decision that it would raise the federal funds rate a quarter of a percent, or 25 basis points, … [Read more...]

Phalanx of House Chairmen Confront Fed Chair Janet Yellen

On Thursday, Nov. 19, the Paul Ryan House took its most impressive step yet in advancing Speaker Ryan’s (R-Wis.) promised transformation of our political culture.  Ryan, in accepting the gavel, declared, “Here’s the problem. They’re working hard. They’re paying a lot. They are trying to do right … [Read more...]

Today’s House Passage of FORM Act Is “Historic”

APP Senior Economics Advisor Ralph Benko praises Speaker Ryan’s leadership as a “major achievement for economic growth.” Washington, D.C.– In a historic vote this morning of 241-185, the House of Representatives passed H.R. 3189, the Federal Oversight Reform and Modernization Act. Ralph Benko, … [Read more...]

America Needs a Quarterback: Which GOP Candidate Will Step Up to Defend the Dollar?

APP President Frank Cannon and APP Policy Director Jeff Bell: “America needs Jack Kemp back.” Washington, D.C.– In an op-ed for Townhall, American Principles Project President Frank Cannon and APP Policy Director Jeff Bell — both former senior campaign staffers for Jack Kemp — wrote that, now … [Read more...]