gold standard


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: […]


Remember when Donald Trump advocated for the gold standard on the campaign trail? GQ remembers: Bringing back the gold standard would be very hard to do, but boy would it be wonderful. We’d have a standard on which to base our money. And as Bloomberg’s Michelle Jamrisko highlighted last May, the GQ interview did not […]


Last week, the “digital currency” Bitcoin raised eyebrows when, for the first time, a Bitcoin became more valuable than an ounce of gold. While Bitcoin remains unimpressive as a form of money, the torrent of investment it’s receiving is potentially a sign of something much bigger — a golden opportunity to make the case for […]


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 […]


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. […]


federal reserve image

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 […]


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 […]


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 […]


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 […]


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, […]


Bloomberg View‘s Timothy L. O’Brien recently provided a colorful and insightful feature entitled “Donald Trump Loves Gold and Don’t You Forget It.” Therein O’Brien provides an opulently illustrated, lengthy litany of the many, many gold-themed elements to Donald Trump’s campaign and life: Donald Trump had lots of gold on hand for his center-stage speech at […]


Kate Davidson in The Wall Street Journal recently took note of a GOP 2016 plank that had been largely overlooked in all the focus on the social issues in the Platform Committee: “GOP Platform Includes Proposal to Study Return to Gold Standard.” The Republican Party’s 2016 platform calls for a commission to explore the feasibility […]


Mike Pence? Full disclosure: I served as head of the Super PAC seeking to draft Pence into the 2012 presidential race. Having long been persuaded of Pence’s superior leadership qualities, I’m even less objective than usual. We called Pence “The Conservative Champion” and for good reason. Then, in 2012, Pence made the right decision: to […]


On Sunday evening, the Republican National Committee shared a 58-page first draft of the party’s 2016 platform with members of the convention’s platform committee, which will debate, add, or change provisions over the next week. For the most part, the RNC’s draft is similar to the 2012 platform. On Common Core and other education issues, […]


Donald Trump (photo credit: Gage Skidmore)

Earlier this week in The Huffington Post, columnist Ben Walsh unleashed a fierce attack on the economic policies of Donald Trump, writing that Trump’s proposals “would cause a recession and maybe worse.” Among the policies that Walsh singled out for critique was Trump’s support for the gold standard: There’s also the gold standard, to which Trump […]


In an interview with GQ last year, Donald Trump made comments that appeared to indicate a preference for shifting American monetary policy to the gold standard. Bringing back the gold standard would be very hard to do, but boy would it be wonderful. We’d have a standard on which to base our money. Trump’s apparent […]