Last updated on: 2/2/2017 | Author: ProCon.org

Steve Forbes Biography

Title:
Chairman and Editor-in-Chief of Forbes Media
Position:
Pro to the question "Should the United States Return to a Gold Standard?"
Reasoning:

“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. An unstable dollar is wreaking havoc on our capital markets, depriving us of money for productive enterprises and future enterprises while subsidizing government debt on a scale never before seen in U.S. history. The zero-interest-rate policy destroys capital by punishing savers and enabling the central bank to allocate where capital goes…

What the Fed is doing through its binge buying of bonds is enabling Washington to consume our national wealth. Instead of creating new wealth we are beginning to destroy that which exists. No wonder tens of millions of people feel – rightly – that their real incomes are declining and their financial situations are coming under more pressure. In real terms the stock market is lower today than it was in the late 1990s, and even in absolute terms it still isn’t where it was in 2007.

Can we move forward on a gold standard before a real catastrophe à la the 1930s results?…

Currently the federal government wages a virtual jihad against any attempt by individuals or companies to create gold-based monetary instruments for commercial transactions…

The combination of getting a serious debate on the gold standard going and sweeping away our legal tender laws barring competitive domestic currency would hasten the day that we’ll once again have a gold-based currency like that which did our country so much measurable good for 180 years.”

“Gold Can Save Us from Disaster,” forbes.com, Oct. 22, 2012

Theoretical Expertise Ranking:
Experts
Individuals with PhDs or equivalent advanced degrees in fields relevant to the gold standard. Also top-level government officials (such as foreign leaders, US presidents, Founding Fathers, Supreme Court Justices, members of legislative bodies, cabinet members, military leaders, etc.) with positions relevant to the gold standard.
Involvement and Affiliations:
  • Chairman and Editor-in-Chief, Forbes Media, 1990-present
  • President and Chief Executive Officer, Forbes, 1990-present
  • Editor-in-Chief, Forbes magazine, 1990-present
  • Member, Board of Directors, FreedomWorks Foundation
  • Member, Board of Directors, National Taxpayers Union
  • Member, Board of Directors, The Ronald Reagan Presidential Foundation
  • Membr, Board of Trustees, Heritage Foundation
  • Member, Board of Directors, The Foundation for the Defense of Democracies
  • Member, Board of Overseers, Memorial Sloan-Kettering Cancer Center
  • Member, Board of Visitors, School of Public Policy, Pepperdine University
  • National Co-Chair and Senior Policy Advisor, Rudolph Giuliani’s presidential campaign, 2007-2008
  • Former member, Board of Trustees, Princeton University
  • Former Chairman, Board of Directors, Empower America
  • Former Honorary Chairman, Americans for Hope, Growth and Opportunity
  • Republican presidential candidate, 1996, 2000
  • Chairman, Board of International Broadcasting, Radio Free Europe and Radio Liberty, 1985-1993
  • Former researcher, Forbes magazine
Education:
  • BA, History, Princeton University, 1970
Other:
  • Born in Morristown, NJ, July 18, 1947
  • He holds honorary degrees from Lycoming College, Heidelberg College, Iona College, Kean College, New York Institute of Technology, Lock Haven University, Westminster College, Francisco Marroquin University (Guatemala), Sacred Heart University, Centenary College, University of Rio Grande (OH), Pepperdine University, Lynn University, Lehigh University, New Hampshire College, Siena College, Universidad Espiritu Santo (Ecuador), Lincoln College, New Bulgarian University, Spring Arbor University, Seton Hill University, Raritan Valley Community College, and Caldwell College
Quoted in:
Pro & Con Quotes: Should the United States Return to a Gold Standard?