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Tag: Exchange Rates

Janet Yellen

Gold Standard More Popular than Federal Reserve For Good Reason

At the Jackson Hole Economic Summit the American Principles Project demonstrated that the people can’t be fooled in the long term by monetary magic forever. In a national poll by McLaughlin & McLaughlin 1,000 respondents were asked if they would support the Gold Standard in the United States. 39% replied yes, 15% replied no, and 46% were undecided. That is more than a 2:1 ratio for favorability.

These results and the margin between approve and disapprove are better than recent polls on the Federal Reserve or its recent leaders as shown in recent Gallup polls over the last two years: Negative on the Fed and its leaders are very high, while negatives on Gold are very low.

Flickr Creative Commons / Kathryn Decker

Getting the Couch Potatoes Back to Work

In 2014, GDP growth bounced back in the spring and summer from a tough winter, but in the fourth quarter, it fell off to 2.6 percent. History indicates the country should be doing a lot better—simply, too many prime working-age Americans are despondent and have permanently dropped out of the workforce.