Forbes: Gold Standard in 5 Years
economy, gold standard, Nation, Steve Forbes 5:00 PM
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According to business guru Steve Forbes, the United States may be heading rapidly back toward a gold standard of currency. In an exclusive interview with Human Events, Forbes said, "If the gold standard had been in place in recent years, the value of the U.S. dollar would not have weakened as it has and excessive federal spending would have been curbed. The U.S. used the gold standard of currency valuation until President Nixon removed the country from the Bretton Woods sytem in 1971. Since then, inflation and mounting debt have exerted downward pressure on the Dollar.
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Posted by Nick Stone
on 5:00 PM.
Filed under
economy,
gold standard,
Nation,
Steve Forbes
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