Monetary Policy on Townhall

Ralph Benko - Wed Oct 10

In the iconic movie Goldfinger the villain, Auric Goldfinger, pursues a nefarious scheme, code-named “Operation Grand Slam,” to contaminate America’s gold horde at Fort Knox, thereby leveraging the value of his own, uncontaminated, holdings. ... more

Ralph Benko - Wed Sep 26

On September 18th, the London office of Deutsche Bank — one of the most respected banks in the world, and a bellwether of elite opinion — published a Global Markets Research paper entitled Gold: Adjusting for Zero. It was written by two esteemed, mainstream analysts Daniel Brebner and Xiao Fu. ... more

Ralph Benko - Tue Sep 11

Paul Krugman, in his New York Times column of August 24, "Galt, Gold and God," rails against an interest in the gold standard, which he attributes to Paul Ryan. Krugman lambastes Ryan, ironically enough, for an observation the latter made paraphrasing Keynes: "'There is nothing more insidious that a country can do to its citizens,' he intoned, 'than debase its currency.'" ... more

Ralph Benko - Wed Sep 5

A Saturday Evening Post reporter asked, in 1932, John Maynard Keynes if there had ever been anything like the Great Depression. Keynes replied, “Yes. It was called the Dark Ages and it lasted 400 years.” While the Great Recession is not so severe as was the Great Depression, it begins to appear that the world is enduring something that could be called “The Little Dark Age.” ... more

Ralph Benko - Wed May 9

Mike Lee, U.S. Senator from Utah, recently sponsored a bill entitled the “Federal Reserve Modernization Act.” It is the counterpart to Rep. Kevin Brady’s Sound Dollar Act of 2012 (which enjoys 35 House cosponsors and, of equal note, already is drawing liberal fire). The Brady/Lee legislation represents an important first step forward to restoring good money to America: money that can provide a foundation for prosperity with equity, security, and, of at least equal importance, constitutional integrity. ... more

Ralph Benko - Wed Mar 14

In virtually every airport bookstore in America right now you will find a little sleeper of a book in the business section which is as riveting as a thriller and as hard to put down. James Rickards Currency Wars made this reader remember what Secretary of the Navy John Lehman so vividly told Tom Clancy after reading his multi-million-seller Hunt for Red October: “Who the hell cleared this?” ... more

Armstrong Williams - Tue Mar 6

Ron Paul wants to abolish the Federal Reserve. He may be right; it is hard to see how the Fed has enhanced our US economy. ... more

Ralph Benko - Wed Dec 21

The world dollar standard’s death certificate arrives in the mail this week. The Bank of England — “the Old Lady of Threadneedle Street” — one of the most staid, cautious, and dignified entities in the world of monetary policy — signals that the fiduciary currency standard ushered in on August 15, 1971 is, empirically measured, far inferior to the (dilute form of the) gold standard erected at Bretton Woods. ... more

America - Wed Nov 16

Harvard Professor Niall Ferguson inputs on how we got here and how to get out in this colorful video. ... more

Jeff Carter - Fri Nov 4

The next time you hear someone rail against greedy speculators, tell them you’d rather pay lower prices for goods and services than listen to them whine about something they didn’t know anything about. ... more

Mike Shedlock - Tue Nov 1

Anyone wondering why the recovery went nowhere and will go nowhere need only look at who was advising president Obama and who has his ear now (Christina Romer and Tim Geithner, respectively). ... more

Ed Feulner - Sat Oct 29

Some critics, such as Ron Paul and Herman Cain, want the United States to return to the gold standard. Others insist that such a move would prove disastrous. But nearly all can agree with Cain on one point: “We’ve got to get back to a dollar is a dollar is a dollar.” ... more

Reuters News - Sat Oct 22

Ralph Benko - Thu Oct 13

Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose. ... more

Peter Ferrara - Tue Oct 11

Last week, Newt Gingrich released his 21st Century Contract with America, composed of 10 specific legislative proposals he would enact if elected President. In the 1994 Congressional campaigns, Republicans not only rode Newt's Contract with America proposals to Republican majorities in Congress. They maintained their House majority for 12 years, after Republicans had only held a House majority for 2 of the previous 74 years. ... more