Ralph Benko


Ralph Benko is a monetary policy advocate and an internationally syndicated columnist.

Former Fed Chair Alan Greenspan praises the gold standard in the February 2017 issue of The World Gold Council’s Gold Investor. Therein he makes what may be his strongest statements to date in praise of the gold standard. Here are some of the highlights. Toward the end of this interview he offers a Big Reveal: […]


Recently, two of The Huffington Post’s political reporters, Eliot Nelson and Jeffrey Young (who have managed to fuse ridicule and journalism into something functionally indistinguishable from “Alternative Facts”) recently made a telling observation. Their characteristic facetiousness may obscure a brilliant intuition. They observed: “we give it a month until Trump calls for the gold standard […]


Paul Krugman tweets: Are people noticing that the Trump economic team is shaping up as a gathering of gold bugs? 1/ — Paul Krugman (@paulkrugman) December 20, 2016 That tweet is part of a recent series by Prof. Krugman divining glints of gold in the company of Donald Trump. He predominantly focuses on one of Trump’s […]


The progressive elites and the mainstream media expended massive black ink, hot air, and billions of scarce pixels defaming Trump campaign CEO, now White House strategist, Steve Bannon. A fascinating presentation to a 2014 Vatican gathering puts Bannon in an entirely different light. Bannon’s presentation recently was transcribed and published by BuzzFeed (and recently, also, […]


A marvelous interview with Donald Trump’s chief strategist Steve Bannon has suddenly appeared in, no less, The Hollywood Reporter: “Ringside With Steve Bannon at Trump Tower as the President-Elect’s Strategist Plots “An Entirely New Political Movement” (Exclusive).” It is a perfect antidote to the McCarthyite insults being heaped on Bannon by the elitist left and […]


In The Daily Caller, freelance writer Johannes Schmidt writes “On November 8th I’m Voting For Our Next Fed Chair.” It’s an especially astute column. While many commentators correctly have focused on the effect of the election outcome on appointments to the Supreme Court, too few have focused on the next president’s appointments to the Fed. […]


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US News and World Report‘s Andrew Soergel reports that “With White House in Sight, Trump, Clinton Plan Fed Renovations: No matter who wins the election, times are likely changing at America’s central bank.” “The Fed” really is a synecdoche for monetary policy. Monetary policy used to be, off and on, a significant factor of presidential […]


This election cycle has provided much demonizing of the major party candidates. Much anxiety stalks the land, or at least the mainstream media. Some of this anxiety is fixating on fragility of the perceived legitimacy of the victor in the presidential election. Bosh. The Declaration of Independence succinctly and perfectly states: “Governments are instituted among […]


Whoever wins the presidency there is a lurking issue, the most underappreciated issue in politics.  Getting it wrong destroyed the economy (and contributed to ending the presidencies) of Ford and Carter and tarnished the records of George W. Bush and Barack Obama. Reagan and Clinton got it right and went on to handsome re-election. The […]


Marc Levinson writing recently in The Wall Street Journal provides a very pessimistic view for the American Dream, “Why the Economy Doesn’t Roar Anymore: The long boom after World War II left Americans with unrealistic expectations, but there’s no going back to that unusual Golden Age“: People who had thought themselves condemned to be sharecroppers […]


Yesterday I observed here how the 2016 race reflects American conditions in the late 1970s — also stagnant — and how the political elites are echoing President Jimmy Carter’s feckless reaction in his notorious July 15, 1979 address to the nation in which he said, in part: The threat is nearly invisible in ordinary ways. It […]


The 2016 presidential campaign confirms what Marx wrote: “all the events and personalities of great importance in world history occur, as it were, twice… the first time as tragedy, the second as farce.” Karl, not Groucho, Marx. We enter the realm of farce. It’s the economy, Stupid! We are experiencing a reprise of the political […]


The Millennial Vote is being treated like a Magical Unicorn in the 2016 election. It is seen as something valuable and mysterious. As Dan Schwabel, at Quartz, in a piece modestly entitled The complete guide to winning the millennial vote this election recently noted: As we head into November’s US elections, all candidates are vying […]


Remember prosperity? Want it back? Here’s the secret formula, which has always worked and would work again: Cut marginal tax rates and restore integrity to the dollar. Donald Trump is campaigning on meaningful marginal tax rate cuts and implying, with his offstage praise of the gold standard, a solid instinct for monetary integrity and how […]


Hillary Clinton is not a communist. That said, she is certainly running to the left. What’s left? That’s actually an interesting question. People throw around the terms “left” and “right” with an instinctive, imprecise, sense of their meanings. It’s good to get back to first principles. […] There are many gradations of leftist sentiment, from […]


In the first of the three presidential debates, only Trump’s handlers scored his performance as better than a draw. Both candidates jabbed and scored some points against the other. Pity that Trump did not launch a haymaker against Hillary’s big glass jaw on the economy. Last May, The New York Times reported: Hillary Clinton already […]


Sam Kriss, in The Atlantic, has a wonderful new story, “Flat-Earthers Have A Wild New Theory About Forests,” in which I find an oblique allusion to… myself. Still, among all the bizarre, self-enclosed universes the internet has to offer — gold-standard bores, UFO chasers, people who believe that cartoons are real in a nearby dimension or […]


Left-leaning thought leaders have been unfairly scalding Donald Trump for his recent observations that the Federal Reserve is politicized. Therein an inconsistency, verging over into naked hypocrisy, by the left is revealed. The LA Times summed up the story in an article headlined “Is the Fed Politically Biased“: Every four years, the independent Fed faces […]


Much to the incredulity of the elite political class, Donald Trump is rapidly closing the gap and even surpassing Hillary Clinton. This extends to the critical electoral college swing states. Trump can stumble. Hillary could reboot and change the calculus.  That said, right now: advantage Trump. It gets harder with each passing day to change […]


In calling for 4 percent growth, Donald Trump hit a home run. He has the right instincts. If he follows them he can turn this home run into a grand slam. When Jeb Bush declared his candidacy, he did it in a speech demanding no less than 4 percent growth: Growth above all. A growing economy, […]