Meet Dr. Judy Shelton, Trump's economic advisor, fan of Ron Paul and Sound Money

[devil21]

Could it be possible that the federal reserve note is dumped after tracking up debt and a new US Treasury note introduced? Maybe backed by gold....

In short, yes, though not a true gold standard, just a claim of gold backing, along with the introduction of the digital dollar. Read the thread I linked to a couple posts up.

 

[eleganz]

No return to gold standard but to have her voice on the board of governors will provide some pushback on the status quo.

 

[r3volution 3.0]

She was evidently forced to recant her former support for the gold standard, in the questioning.

So I hear, haven't watched it myself.

In any event, there is zero (0) chance of a return to the gold standard under this government.

They aren't going to impose fiscal discipline on themselves.

 

[eleganz]

MISES INSTITUTE

Why the MSM hates Judy Shelton

Don't worry, some here on RPF also hate Dr. Shelton simply because she was chosen by the orange man.

 

[eleganz]

I find it interesting that there is a sound money advocate on the brink of being confirmed to the FED board of governors and there is essentially zero talk about it. How come? How many endless threads would there be on this topic if Ron Paul nominated her? Perhaps the answer is below;



MISES : SHELTON DERANGEMENT SYNDROME

https://mises.org/power-market/shel...me-which-republicans-will-side-fed-groupthink

One of the most common critiques waged against Dr. Shelton is that she would be a political loyalist and has questioned the value of Fed political independence. Ignoring the fact that documented American history has shown the notion of “Fed independence” to be a noble myth

Among Dr. Shelton’s Republican critics has been Senator John Kennedy of Louisiana, who made the snide comment that “Nobody wants anybody on the Federal Reserve that has a fatal attraction to nutty ideas” following her testimony in February.

what is clear is that she would give the Federal Reserve something it desperately needs—ideological diversity. This is also why Very Serious People hate her. Shelton’s willingness to challenge the deified “PhD” standard of modern fiat money and question such sacred cows as Fed independence makes her a potentially dangerous threat to the groupthink that has become far too pervasive in central banks. Dr. Shelton understands the dangers of central banks becoming de facto central planners in modern economies, and she understands the valuable role that gold played in past monetary systems.