Blogs: US Monetary Policy
Occupy Wall Street Calls For The Gold Standard Now! Print Email
Written by Ralph J. Benko
Sunday, October 09, 2011
Occupy Wall Street Calls For The Gold Standard Now!

As TheGoldStandardNow has said:  the gold standard is neither right nor left.  It's small-r republican money, the people's money, the money of the working person's prosperity, security, and liberty.

An activist at Occupy Wall Street says it beautifully:  "Gold and silver. Been honest money since the dawn of time. The only money that's ever worked...."

 

 

The resistance continues at Liberty Square and Nationwide!

 

 

From OccupyWallSt.com:

RG32 4 points 4 days Read more
 
U.S. Recession Fix: Dollar Stability or More Stimulus? Print Email
Written by Kelly Hanlon
Thursday, September 29, 2011

Recovery from the Great Recession of 2007-09 has been painfully slow. Unemployment remains stubbornly high. The housing market is still in arrears. Central bankers, policy makers, and academic economists are running out of ideas. This latter point might actually be cause to celebrate if the outlook were not so bleak.

In a special report on the world economy, Financial Times contributor, Robin Harding, summarized the situation this way,

“Three years after the peak of the Great Recession, the world’s central bankers are Read more
 
Because We Have Monetary Policy, We Have Social Security Print Email
Written by Brian Domitrovic
Thursday, September 22, 2011

As presidential candidates debate whether Social Security is a "Ponzi scheme," it is worth noting what a deal Social Security purports to be. Whatever you put in, you get back plus inflation and a little interest. That’s the government’s guarantee.

And yet what if money never lost its value, if there were no such thing as inflation? If you saved money, on retirement, you’d get your savings back plus inflation  (in this case zero) and interest – the same deal as Social Security.

And yet because inflation is such a Read more

 
The New York Sun: "Looking Forward to Gold" Print Email
Written by Ralph J. Benko
Tuesday, September 20, 2011
 As President Obama promotes his deficit-reduction plan, our attention is on James Grant. We’re adding the editor of Grant’s Interest Rate Observer to our list of sages who can articulate the case for monetary reform in the spirit of Charles de Gaulle. Mr. Grant didn’t summon 1,000 journalists to a press conference in the salle de fetes the way the president of the Fifth French Republic did in 1965. He went him one better, appearing this week on an edition of CNBC’s Squawk Box devoted to the gold standard. Th Read more
 
Washington Post: "Republican presidential candidates want to ... restore the gold standard...." Print Email
Written by Ralph J. Benko
Monday, September 19, 2011
Washington Post:

As observed by this writer at Forbes.com:

The candidates of both parties finally have realized that the defining issue of the 2012 presidential election will be job creation.  President Barack Obama leads with a proposal that commentator Larry Kudlow calls, persuasively, a straight jacket rather than a jobs creator.  The Wall Street Journal loves the plan put forth by the fast-fading Huntsman and slams the first-tier Romney plan. Meanwhile, a credible key to explosive jobs growth begins to come to the Read more
 
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