More About Steve Forbes
Linking the value of money to gold removes a huge source of Big Governments power. No longer can government confiscate wealth by stealth by devaluing your money.
A new gold standard is crucial. The disasters that the Federal Reserve and other central banks are inflicting on us with their funny-money policies are enormous and underappreciated.
Forbes on quantitative easing.
The Feds forced suppression of organic interest rates has made the pricing of credit impossible to figure. Under a properly functioning gold standard the Feds penchant for rigging interest rates would be sharply curbed, if not eliminated.
The Feds forced suppression of organic interest rates has made the pricing of credit impossible to figure. Under a properly functioning gold standard the Feds penchant for rigging interest rates would be sharply curbed, if not eliminated.
When you do harm to your currency, when you keep interest rates artificially low, which is a way of subsidizing government debt, it hurts small businesses.
A pernicious myth is at work among economists and policymakers, crippling a more vigorous economic recovery. It's the idea that a stable dollar means austerity and economic weakness.