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Thursday, December 31, 2015

New Year's Resolution: A Gold Standard for 2016!

Candidate Ted Cruz has raised the point on the stump:  we need a stable currency again.  We need to
reconsider the merits of the gold standard.  Otherwise, another world crisis like 2008 seems inevitable.
Here's an excellent piece by Ralph Benko, one of the country's chief evangelists for gold as currency, on why this idea should be in the mainstream of debt:  Gold is a Very Good Idea

The critics want constant currency inflation and a politicized monetary policy.  We have already seen the Fed is feckless.  A true gold standard depoliticizes money.  It is also constitutional, while our current monetary policy is not.

The other part of the problem is that the dollar must cease being the international reserve currency.  This underwrites all the excess spending and our government never having to live within its means.  But that's for another day.  Happy New Year!
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