Dear Monetary Policy Observer,
Below is an excerpt of a Forbes article released earlier this week by APIA's Senior Financial Advisor, Ralph Benko. The article goes over the recent Tea Party Bus Tour and the increased interest in currency reform shown by Presidential candidates attending the tour such as Michelle Bachmann. The article also goes over the rising coverage (both positive and negative) of the Gold Standard 2012 project and the new release of a poll done on behalf of the Iowa Tea Party to gauge the level of support for a return to the gold standard, along with a list of prominent financial figures who have spoken out for currency reform over the past year.
We hope you find this material of interest.
American Principles In Action
The Gold Standard: A Litmus Test For GOP Candidates
DES MOINES, Iowa – Has the gold standard become “a litmus test of GOP presidential candidates?” It is, according to Think Progress‘ Matthew “Big Media Matt” Yglesias.
The Iowa Tea Party’s statewide, 21-stop bus tour culminated in a rally on July 2 in Des Moines lit by the suddenly incandescent candidacy of Rep. Michele Bachmann. (Disclosure: Her presidential campaign has retained one of this columnist’s partners, Robert Heckman.) Monetary policy is showing up in the core platform of almost all the GOP aspirants, including Bachmann’s.
At least six of the 10 generally recognized members of the GOP presidential field have put monetary policy — a strong dollar and opposition to abuses of the Federal Reserve — as a major campaign theme. Monetary policy hasn’t been a major campaign issue in a long time — maybe not since the 1896 presidential race. Bachmann spoke at length and with eloquence on the integrity of the dollar, much more than a rhetorical flourish.