So it is very timely that Rep. Warren Davidson (R-Ohio) has launched a Sound Money Caucus in the House last week, which he will lead along with co-Chairman Rep. Andy Barr (R-Ky.) and founding members Reps. Kevin Brady (R-Texas), Ted Budd (R-N.C), and Lee Zeldin (R-N.Y.).
In Rep. Davidson’s words:
“I’m pleased to announce the formation of the Congressional Sound Money Caucus. We already have a great core group of members who are leaders in this area, who understand how important it is for the U.S. dollar to be an enduring store of value and an efficient means of exchange. I look forward to hashing out policy solutions to address the economic distortions of monetary inflation, so that monetary and fiscal policy can help rebuild the middle class, restart the American economy, and get us on a path for sustainable growth.”
A relative handful of lawmakers have kept the flame of sound monetary policy alive since the retirement of the issue’s undisputed greatest champion in Congress, Dr. Ron Paul, in 2012. For example, his son, Senator Rand Paul, and Rep. Thomas Massie have kept the push to “Audit the Fed” alive via the Federal Reserve Transparency Act (S. 148 and H.R. 24), while Rep. Alex Mooney (R-W.V.) has become the sponsor of his bill to re-establish a gold standard for the U.S. dollar (H.R. 2558).
