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Steve Forbes: Federal Reserve Creating Soviet Style Economy

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In an article discussing the wisdom of returning to the gold standard Steve Forbes said this about the Federal Reserve:

The Fed’s forced suppression of organic interest rates has made the
pricing of credit impossible to figure. And guess what? If you can’t
determine the real prices of products and services, you get less–or
none–of them. It’s Soviet-style economics.

Will we return to the gold standard?  Though it makes a great deal of sense there are a couple of tripping points.  First, there is some serious doubt that we still have much gold in our treasury.  Second, the biggest players at the table (faceless without names) would oppose such a move because it would cripple the money game they are playing with a floating dollar.

But a stable economy, based upon something of real value, is certainly a goal worth pursuing.  And before you pursue a goal it is a good idea to vision it clearly.  You should start thinking this one through before the only things you know about the move are those fed to you by a biased media.


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    • Anonymous

      By law, the U.S. constitution requires the use of gold and silver coins as currency. Can you see now that the constitution died a long time ago? That dusty old document hasn’t been looked at by the politicians in over a century. Turns out the founders were not to dumb after all. If the law of money had been followed, we would not be in this mess.

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