Steve Forbes: Gold Standard to Return in Five Years

[sl7yz0r]

"Under a gold standard, it is "much harder" for governments to borrow excessively like they are doing today, Forbes says.

The housing bubble, partly the product of loose monetary policy, would never have been so severe under a gold standard.

"When it comes to exchange rates and monetary policy, people often don’t grasp" what is at stake for the economy, Forbes says.

By restoring the gold standard, the country would move away from "less responsible policies" and toward a stronger dollar and a stronger America, Forbes adds.

"If the dollar was as good as gold, other countries would want to buy it."

Read more: Steve Forbes: Gold Standard to Return in Five Years "

Source: http://www.moneynews.com/Headline/Steve-Forbes-Gold-Standard/2011/05/11/id/395949

 

[Fredom101]

I'm surprised to hear that from Forbes. I thought he was a run-of-the-mill statist & CFR member. Interesting.

 

[Indy Vidual]

O'Rly?
Sounds great, I suppose: How would we balance the books and/or honor the National debt?

 

[goRPaul]

If I'm not mistaken, he advocated the gold standard when he ran for president in 1999.

 

[Bryan]

...and bump.

So how are we doing on this? Are we going to make it? We only have a few months left, I'm sure Congress will get it done, right? /sarcasm

 

[Chester Copperpot]

I'm surprised to hear that from Forbes. I thought he was a run-of-the-mill statist & CFR member. Interesting.

Im not.. He has talked about this before. Years ago when he almost ran for president.. that and income tax return on a postcard... I think flat 10% but dont hold me to it.. was like 30 yrs ago

 

[Pauls' Revere]

Im not.. He has talked about this before. Years ago when he almost ran for president.. that and income tax return on a postcard... I think flat 10% but dont hold me to it.. was like 30 yrs ago

Your in the ballpark. I remember something like that when he ran. A while ago wiki has it at 2005.

Timeline
1971: In 1971, he married Sabina Beekman.
1985: In 1985, President Ronald Reagan appointed Forbes as head of the Board of International Broadcasting (BIB), Radio Free Europe/Radio Liberty
2005: Flat Tax Revolution: Using a Postcard to Abolish the IRS written by Steve Forbes was first published on July 01, 2005.
2010: He endorsed incumbent U.S. Senator John McCain, Republican of the State of Arizona for re-election in 2010.
2010: On January 28, 2010, he formally endorsed Marco Rubio, Republican candidate for the U.S. Senate in the State of Florida.
2010: On September 2, 2010, Forbes formally endorsed State Representative Justin Amash, Republican candidate for the U.S. House of Representatives in Michigan's 3rd congressional district.
More on Wikipedia

 

[thoughtomator]

I want to get to the point where filing taxes is done by taking a picture of your middle finger and uploading it to the IRS website.

 

[TheTexan]

Aren't we basically already on the gold standard?

I mean, .. the dollar is the gold standard, of all currencies, ya

 

[Chester Copperpot]

Your in the ballpark. I remember something like that when he ran. A while ago wiki has it at 2005.

Timeline
1971: In 1971, he married Sabina Beekman.
1985: In 1985, President Ronald Reagan appointed Forbes as head of the Board of International Broadcasting (BIB), Radio Free Europe/Radio Liberty
2005: Flat Tax Revolution: Using a Postcard to Abolish the IRS written by Steve Forbes was first published on July 01, 2005.
2010: He endorsed incumbent U.S. Senator John McCain, Republican of the State of Arizona for re-election in 2010.
2010: On January 28, 2010, he formally endorsed Marco Rubio, Republican candidate for the U.S. Senate in the State of Florida.
2010: On September 2, 2010, Forbes formally endorsed State Representative Justin Amash, Republican candidate for the U.S. House of Representatives in Michigan's 3rd congressional district.
More on Wikipedia

damn only 10 years ago??? it really felt much longer

 

[oyarde]

There will be no sound money or balanced budgets until it collapses .

 

[RonPaulIsGreat]

They'll still issue dollars backed by gold, which means they'll obviously print more dollars than there is gold, which will lead to a "crisis", which will lead to them making the hard decision to move to a dollar fractionally backed by gold, which they will print an excessive amount of, which will lead to a "Crisis", which will lead to them making the hard decision to make the dollar only be backed by the governments death squads just like today.

CryptoCurrency would be better, you can make it nearly impossible to counterfeit ever, and by nearly impossible we are talking about a standard most would just call impossible.

My Prediction in the next 30 years we'll have a one world currency, that is based on the basic concepts first used in bitcoin if not bitcoin itself after several hardforks that change some of the limitations, and allow more flexibility.

 

[Ronin Truth]

Adding this to my "Only believe it when I actually see it" list.

 

[EBounding]

...and bump.

So how are we doing on this? Are we going to make it? We only have a few months left, I'm sure Congress will get it done, right? /sarcasm

Yah, Trumple is running for president!!

 

[Ronin Truth]

O'Rly?
Sounds great, I suppose: How would we balance the books and/or honor the National debt?

We wouldn't. Just go ahead and default and repudiate. It's the government's debt, not ours. Perhaps we could just declare a "Year of Jubilee".

 

[The Free Hornet]

Your in the ballpark. I remember something like that when he ran. A while ago wiki has it at 2005.

Timeline
1971: In 1971, he married Sabina Beekman.
1985: In 1985, President Ronald Reagan appointed Forbes as head of the Board of International Broadcasting (BIB), Radio Free Europe/Radio Liberty
2005: Flat Tax Revolution: Using a Postcard to Abolish the IRS written by Steve Forbes was first published on July 01, 2005.
2010: He endorsed incumbent U.S. Senator John McCain, Republican of the State of Arizona for re-election in 2010.
2010: On January 28, 2010, he formally endorsed Marco Rubio, Republican candidate for the U.S. Senate in the State of Florida.
2010: On September 2, 2010, Forbes formally endorsed State Representative Justin Amash, Republican candidate for the U.S. House of Representatives in Michigan's 3rd congressional district.
More on Wikipedia

Steve Forbes ran TWICE and was very successful in 1996 having won two states (Arizona and Delaware):

https://en.wikipedia.org/wiki/Steve_Forbes#Campaigns_for_president_and_major_issues

I was a FAN at the time (can't necessarily say supporter). Unambiguously he was a better choice than Bob Dole

He seems like the type of economic/policy wonk that MSM kicks out as just not cool enough. I found the guy to be very charismatic*, easy to listen to and far more promising than any other candiate in recent memory who - besides Ron Paul - won two or more states in a GOP primary.

There was a run in 2000 which didn't leave an impression on me mainly due to lack of attention on my part and having watched the nation make a disappointing decision with Dole in '96.



* He also hosted SNL and didn't do the worst job as compared to similiar political types that have done the same. E.g., Jessie Jackson also hosted. It would be a - bizarre world we live in - if an RP hosted SNL (not that I recommend they do! Except for maybe the elder but one that time has likely passed WRT to possible interest).

 

[misterx]

I'm surprised to hear that from Forbes. I thought he was a run-of-the-mill statist & CFR member. Interesting.

You must be thinking of Bloomberg. Forbes is the good one.

 

[Pericles]

Going to happen one way or another.

 

[r3volution 3.0]

There will be no sound money or balanced budgets until it collapses.

Certainly the current crop of spendthrift politicians isn't going to impose the discipline of the gold standard on themselves.

 

[oyarde]

Certainly the current crop of spendthrift politicians isn't going to impose the discipline of the gold standard on themselves.

Correct.