Weekly Standard’s Great Idea of the Day: Go Bold With Gold!
You gotta love this! Today at the Weekly Standard we find a terrific suggestion for the Republican Party, a winning issue if there ever was one: GO BOLD WITH GOLD!
Republicans are searching for big, bold ideas that will inspire voters to embrace a conservative agenda. To unite its disparate segments, the GOP needs to uphold our nation’s founding principles—a key requirement for Tea Party adherents—while fostering the aspirations of those who believe the United States should play a strong leadership role in the world. A prime opportunity presents itself in the most compelling problem America faces: the need to restore confidence in its economic future.
To reinvigorate faith in democratic capitalism as the best path to liberty, opportunity, and prosperity—at home and abroad—Republicans should focus on sound money as the logical foundation. But “sound money” cannot be invoked as a mere platitude; it’s time to consider profound monetary reform to establish the reliability of America’s currency and help build a new international monetary system.
And yes: We should be prepared to debate the potential role of gold in our nation’s monetary affairs and as an anchor for international monetary stability.
Yes, the gold standard! Possibly the worst economic idea in the history of humanity! I totally support this “GO BOLD WITH GOLD” initiative for the GOP, and I truly hope they listen to Judy Shelton of the Atlas Economic Research Foundation.
You can tell she’s a serious deep thinker, because she cites noted economic genius… Sarah Palin! Oh yes! More, please.
Former Alaska governor Sarah Palin similarly argued for fundamental monetary reform, inveighing against “temporary, artificial economic growth” caused by the Fed’s pump priming. “We want a stable dollar combined with real economic reform. It’s the only way we can get our economy back on the right track.”
This is such a good idea.