Top Pro & Con Arguments


Many politicians, businessmen, and organizations support the return to a gold standard.

Judy Shelton, PhD, MBA, Trump Administration economic advisor and 2020 nominee to the Federal Reserve Board, argued that returning to a gold standard is an “opportunity to secure continued prominence in global monetary affairs.” [133]

Alan Greenspan, PhD, former Chairman of the US Federal Reserve, called the gold standard “the primary global currency.” [135]

Ron Paul, MD, former US Representative (R-TX) made the return to a gold standard a central focus of his political career, arguing that government creation of fiat money is “morally identical to the counterfeiter who illegally prints currency.” [66]

Steve Forbes, Editor-in-Chief of Forbes, argued that a “new gold standard is crucial,” to save the country from a “crisis that would be even worse than 2008.” [67] [68]

Many organizations support a return to a gold standard including the American Principles Project, the Lehrman Institute, and several economists of the Austrian school affiliated with the Ludwig von Mises Institute. [107] [108] [109]

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