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Entries in Monetary Policy (82)

Wednesday
Sep172014

APIA - Fix the Dollar Launch: A Monetary Revolt?

Dear Monetary Policy Observer,

 

This latest article by our senior advisor Ralph Benko in Forbes.com points out that wages and job growth have stagnated over the past two administrations, despite no significant shifts in trade, regulatory and tax policy from the massive job growth of the Reagan and Clinton years.

 

In light of this Steve Lonegan has launched, in association with American Principles In Action, Fix The Dollar, at an event near Wall Street at which Steve Forbes presented.  Fix the Dollar will make the case that we should look at the one major economic driver that did change dramatically:  monetary policy, in general, and the departure from the gold standard, specifically.

 

America has seen the Tax Revolts of 2010.  Is this the beginning of a Money Revolt?

 

Sincerely,

 

Nicholas Arnold

American Principles In Action 

##### 

The Tax Revolt has run its course.  A Money Revolt is needed.

 

Steve Forbes, with Elizabeth Ames, in Money: How the Destruction ofthe Dollar Threatens the Global Economy—and What We Can Do About It has thought the issues through.   So has, among others, Lewis E. Lehrman (founder and chairman of the Lehrman Institute, whose monetary policy website this columnist professionally edits) in The True Gold Standard  and Money, Gold, and History.

 

Now, to these thinkers, comes activist Steve Lonegan.  Lonegan, former mayor of Bogota, NJ and GOP US Senatorial nominee, ambitiously, is launching, for American Principles In Action, FixTheDollar.com (also advised by this columnist).  FixTheDollar is designed to become a mass movement to ignite a Money Revolt and, with it, restore the American Dream.

 

… What changed? Monetary policy changed, and dramatically. Fed Chairman Paul Volcker, under Reagan, had instituted the Great Moderation.  This was sustained thereafter during the first two terms of his successor, Alan Greenspan.  The Great Moderation led to sizzling job growth.

 

Thereafter… the Fed destabilized the dollar, causing boom and bust cycles.  The economy soon collapsed, leading to further monetary shenanigans by a desperate Fed.

 

Want a vibrant economy?  It will take a Money Revolt. Washington, curiously tone deaf on this issue, needs to hear from the people.

 

Read the Full Article Here: http://www.forbes.com/sites/ralphbenko/2014/09/08/steve-forbes-youve-got-to-get-the-money-right-steve-lonegan-fix-the-dollar/

Wednesday
Sep102014

APP - Let's Fix the Dollar 

Milk just hit an all-time high.
Meat prices are at record levels.
The cost of living is skyrocketing.
Wages are stagnant.
 
Dear Friends,
 
Did you see this Forbes.com article about the kick off of a new conservative project?  
 
Last Wednesday American Principles in Action kicked off our newest project: Fix the Dollar.
 
Our plan is to ignite a grassroots movement to fix the dollar by exposing the destructive policies from the Federal Reserve. We believe that the Federal Reserve should be focused on strengthening and protecting the value of the dollar, not weakening it by printing money out of thin air.   
 
This movement can only be successful with people like you joining us. Will you forward this email to your family and friends?
 
At the launch of our new project, Steve Forbes said, "You can get it right on taxes. You can it right on regulation.  You can get it right on government spending.  But if you don’t get the money right it’s all for naught."  
 
He's exactly right.
 
Think about this simple fact: 
 
Had the United States remained on the gold standard the last forty years since it was ended by Richard Nixon and had our nation continued the exact same economic growth we experienced during the forty years prior to Nixon’s Shock of August 1971 our economy would be 50% larger today. That means $8 TRILLION in additional wealth for Americans.
 
Imagine what life would be like if this nation was 50% wealthier. What are you and I going to do about it? Join the money revolt today!
 
Look for a Fix the Dollar event near you and join the movement for equitable prosperity for all! FixTheDollar.com
 
It’s time for the next great revolt: The Money Revolt! 
 
On to Victory, Steve Lonegan
Director of Monetary Policy
American Principles in Action
 
P.S. Read more about our new conservative movement and the kick off of our "Fix The Dollar" project, by clicking here for the Forbes.com article by Ralph Benko
Donate to APIA
Tuesday
Aug192014

ALG's Daily Grind - Is the bell tolling for Common Core?

6

August 19, 2014

Permission to republish original opeds and cartoons granted.

Is the bell tolling for Common Core?
Not since conservatives virtually deserted the battlefield over textbook content and curricula in the 1970s leading to the gradual acceptance of the legitimacy of a federal Department of Education, has the public revolted against education policy so completely. 

Cartoon: Junior varsity terrorists?
Did Obama underestimate Isis in Iraq?

Yes, bank lending does create money
At least in England it does, according to the Bank of England. What about the U.S.?

John Fund: The Perry indictment's predecessor
"A similar crusade against Kay Bailey Hutchison crashed 20 years ago."

Thursday
Aug072014

ALG's Daily Grind - Do exchange rates matter?

6

August 7, 2014

Permission to republish original opeds and cartoons granted. 

Cartoon: Silver lining
Obama approval rating drops to record lows. 

Why exchange rates matter to trade
Can there be free trade with floating exchange rates or undervalued exchange rates pegged to the dollar?

Smith: Substituting debt for income is not success, it's failure on an epic scale
"The Fed's substitution of debt for income has only doomed the nation to a deeper, more painful realignment of real income and expenses."

  

August 7, 2014

Permission to republish original opeds and cartoons granted.

Cartoon: Silver lining
Obama approval rating drops to record lows.

Why exchange rates matter to trade
Can there be free trade with floating exchange rates or undervalued exchange rates pegged to the dollar?

Smith: Substituting debt for income is not success, it's failure on an epic scale
"The Fed's substitution of debt for income has only doomed the nation to a deeper, more painful realignment of real income and expenses."

 

Sunday
Aug032014

APP News Update: "When You Mess With People's Children They Start to Pay Attention." 

 

 
Issue Brief: Unaccompanied Minors at the Border
 
Emmett McGroarty Joins Glenn Beck's We Will Not Conform
 
On Common Core.
Common Core is not a political issue. It’s an issue of their children.  You can mess with a lot of things. You can have the IRS going after people. You can have the NSA spying on people, but when you start to mess with people’s children, they start to pay attention.”  - APP Senior Fellow Jane Robbins
Daily Caller Interview - 7/27/14
 
What the GOP Should Do

I was in the Eisenhower Lounge of the National Republican Club, where the executive directors of the RNC, the NSRC, the NRCC, the RGA, and the RSLC called a press conference to announce: The Rs think Republicans are going to win in November.

Mamie Eisenhower in her sweet pinball gown smiled gently down on the solid show of middle-aged men in suits, blue or grey, and ties ranging from red to auburn (only the NRCC’s Leisl Hickey broke the monotony). While the press turnout is good (the conference closes with a question from Luke Russert), the stories afterward were thin, with the Hill presenting dueling interpretations, “GOP Presents United 2014 Front,” and “GOP Primary Wounds Still Smarting."
Read the rest.

 
The Immigration Conflagoration
  Alfonso Aguilar, executive director of the Latino Partnership initiative at the conservative American Principles Project, warns that if Republicans "again fall for the trap" and try to overturn an Obama legalization plan without offering an alternative path to legal status, the party will condemn itself to another lopsided deficit among Hispanics—and to a likely defeat—in 2016. David Ayon, senior adviser to the polling firm Latino Decisions, says that if Republicans erupt against an Obama legalization initiative, it "could turn the Latino vote as ruggedly anti-Republican as the black vote."
Read the rest.
 
Opposition to Common Core in New York is Widespread


49% of New Yorkers want Common Core implementation stopped in a Siena College poll taken on July 13-16th of 774 likely New York voters. Only 39% want to see the standards implemented. The poll has a margin of error of +/- 3.5%.

60% of Republicans want to see the Common Core implementation stopped compared to 25% who support the Common Core. 47% of Democrats want to see the Common Core continued, but 40% do not. (Again this demonstrates Common Core opposition is not partisan.). 53% of independents want to see Common Core implementation stopped, while only 39% want to see it continued.

Read the rest.

 
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