Senior Economic Advisor at American Principles in Action and Editor and Advisor to the Lehrman Institute's GoldStandardNow.org
Pro to the question "Should the United States Return to a Gold Standard?"
"Monetary policy reform is a rapidly rising issue. ‘Good money’ is important for generating a climate of equitable prosperity. The empirical data show the classical gold standard to be the ‘gold standard’ of monetary policy. The Bank of England, in 2011, issued Financial Stability Paper No. 13. The Bank of England found that the fiduciary dollar standard badly underperforms in every major category, including economic growth, inflation, recessions, and banking crises.
Some still labor under the mistaken impression that the gold standard is a recipe for austerity and caused the Great Depression. This ignores the fact that there was no gold standard in 1929!
The classical gold standard was invented by two icons of science: Copernicus and Newton. Their work in astronomy and physics still stands the test of time. So does their monetary work. There is abundant evidence that attaining 4% growth, generating millions of new and better jobs as well as expanding the tax base and bringing in trillions of dollars of new revenue with which to balance the federal budget, can best, perhaps only, be achieved by adopting a 21st century gold standard.
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Involvement and Affiliations:
Senior Economic Advisor, American Principles in Action
Advisor and Editor, TheGoldStandardNow.org
Founding Director, Samaritan Medal Foundation
Former principal community organizer, Operation Rescue and Restore, United States Department of Health and Human Services
Former Judge, Templeton Freedom Awards for Innovative Media, Atlas Economic Research Foundation
Former Attorney and Advisor, United States Department of Energy
Former Chairman, New York's 23rd Congressional District Chapter, Citizens for America
Former White House Deputy General Counsel, Ronald Reagan Administration
Founder, The Prosperity Caucus, 1986
Testified at the United States Gold Commission, 1981