The gold standard

Since the Gold Standard was abolished, the U.S. dollar became the world’s standard currency. For the U.S. dollar to continue as that standard requires that we keep our fiscal house in order. To accomplish this task, we must control spending and balance the budget. “Printing” more money in lieu of controlling spending will deflate the value of the dollar and will result in another country’s currency becoming the standard. Try China’s: The Peoples Currency” or Yuan. Or, as proposed by Steve Forbes, return to gold as the standard

Jude Richardson

Cogan Station

Submitted by Virtual Newsroom