Press Releases

 

Entries in Monetary Policy (77)

Saturday
Jul192014

APP News Update: More States End Common Core, the Border Crisis and more  

 
Aguilar on MSNBC's Reid Report
It's the Biflation, Stupid!
 
On Oklahoma Supreme Court Upholding Common Core Repeal “Today, the Oklahoma Supreme Court has upheld the power of the legislature to set education policy. In so doing, it has quashed the problematic, Progressive idea that the state board of education is vested with both legislative and executive powers."  - APP Education Dir. Emmett McGroarty
Breitbart News - 7/15/14
 
A Better Migrant Worker Plan Would Stem the Flow of Unaccompanied Children to the U.S.
By Alfonso Aguilar (NY Times)

The surge of unaccompanied minors entering through the southern United States border illegally is just another crisis produced by our dysfunctional immigration system. Contrary to the narrative of some opportunistic politicians and pundits, this unfortunate situation is not the result of the Obama administration failing to enforce the law. In reality, most would-be-migrants believe that crossing the border has become much more difficult, and in the last decade, the U.S. government has greatly strengthened border security and interior enforcement.

Increased violence in Central America – mainly El Salvador, Guatemala and Honduras – is said to be the immediate reason so many children are now coming to our borders alone. But many of these children are making the dangerous journey to reunite with their parents, who came here looking for a good-paying job and a better future. (read the rest)
 
Keene: Editing out an elightened history of America
In the early days of the American Republic, Thomas Jefferson was perhaps the staunchest advocate of public education. Jefferson authored a plan for public primary and secondary schools and is father of the University of Virginia. He would be appalled at the state of public education today.
  Jefferson loved reading and knowledge for its own sake, of course, but believed the success of the American experiment depended on an educational system that would instill a knowledge of history and values in the citizenry. He was not alone among the Founders in this belief, but few expressed themselves better. Jefferson was eloquent on the study of history as especially important because, as he put it, “apprising [students] of the past will enable them to judge of the future.” (read the rest)
 
Is Sound Money the Next "Big, Bold Idea" for Conservatives
By Paul Dupont

One of the important arguments made by last year’s American Principles in Action report, “Building a Winning GOP Coalition,” was that voters are concerned with rising prices and the shrinking value of the dollar, problems which could be addressed by “picking up the forgotten of the Reagan economic agenda: sound money.”  Monetary reform is a relevant and populist issue, one which would help Republicans connect effectively with the average voter, unlike their failed 2012 economic message.

Judy Shelton, senior fellow at the Atlas Economic Research Foundation, makes a similar case in the upcoming issue of The Weekly Standard (the article is available online here).  Dr. Shelton argues that supporting sound money is imperative for restoring economic prosperity, both in the U.S. and internationally, and that Republicans have much to gain by joining the movement to re-link the dollar to gold (read the rest)
 
Other articles: 
Wednesday
Jul162014

APIA - Is Paul Krugman Leaving Princeton in Quiet Disgrace? 

Dear Monetary Policy Observer,

 

Outgoing Princeton Professor Paul Krugman has been broadly criticized for his economic theories over the past year.  Forbes.com columnist Ralph Benko details how the former Federal Reserve Chairman, Paul Volcker, appears to be joining the criticism of Krugman’s argument that there isn’t enough inflation in the economy.

We hope you find this material of interest.

#############

Shortly after Krugman’s departure was announced no less than the revered Paul Volcker, himself a Princeton alum, made a comment — subject unnamed — sounding as if directed at Prof. Krugman.   It sounded like “Don’t let the saloon doors hit you on the way out.  Bub.”

To the Daily Princetonian (later reprised by the Wall Street Journal) Volcker stated with refreshing bluntness:

The responsibility of any central bank is price stability. … They ought to make sure that they are making policies that are convincing to the public and to the markets that they’re not going to tolerate inflation.

This was followed by a show-stopping statement:  “This kind of stuff that you’re being taught at Princeton disturbs me.”

Taught at Princeton by … whom?

Paul Krugman, perhaps?  Krugman, last year, wrote an op-ed for the New York Times entitled  Not Enough Inflation.  It betrayed an extremely louche, at best, attitude toward inflation’s insidious dangers. Smoking gun?


Volcker’s comment, in full context:

The responsibility of the government is to have a stable currency. This kind of stuff that you’re being taught at Princeton disturbs me. Your teachers must be telling you that if you’ve got expected inflation, then everybody adjusts and then it’s OK. Is that what they’re telling you? Where did the question come from?

Read the full article here:  http://www.forbes.com/sites/ralphbenko/2014/07/14/is-paul-krugman-leaving-princeton-in-quiet-disgrace/

Thursday
Jul102014

APP News Update - 7/9/14 

 

 
 
New Twist in Common Core Wars
 
Amid Border Crisis, Advocates Talk
Next Steps on Immigration
 
On Marriage & Religious Freedom“We as Christians speak up about this, because if we don’t we hand this off to our grandchildren and they’re not going to be able to speak up about it”
  - APP Executive Director Terry Schilling
 EWTN Interview 7-2-14
 
The Gold Standard and the History of American Money

Over at Forbes.com last week, Peter Ferrara, in his review of Steve Forbes’ recently released book Money: How the Destruction of the Dollar Threatens the Global Economy and What We Can Do About It, treated readers to an interesting lesson in the history of American monetary policy.

During the defining early years of the nation, one of the priorities of America’s first treasury secretary, Alexander Hamilton, was to link the value of the dollar to gold, a policy which would be adhered to for over a century and lead to a period of unrivaled economic growth and prosperity: (read the rest)

 
Obama to Go It Alone on Immigration

Alfonso Aguilar, executive director of the Latino Partnership for Conservative Principles, says the president’s decision to go it alone illustrates a breaking point for the White House and its ability to shepherd legislation on Capitol Hill.

“That is a Band-Aid to the real problem,” Aguilar says. Still, he admits the president does have freedom to stem deportations and help fix the broken immigration system. “The law does provide him a lot of discretion, so if he would decide to give further actions to the rest of the undocumented population, he does have that authority,” he says.

Aguilar says even if the White House has been a poor negotiating partner on issues in the past, House Republicans should be kicking themselves for letting the president get out ahead of them on immigration. While Republicans in Congress may be deeply divided about how to proceed on issues like citizenship and low-skill worker visas, Republicans nationally understand the party must do something to make inroads with Hispanic voters if they want to win the White House in 2016. (read the rest)

 
OpEd: By Any Name You Call It, Common Core Is a Loser

When it comes to the issue of the Common Core national school standards, Florida may be the nation in microcosm.

On one side are the powerful political and corporate elitists, epitomized by Jeb Bush, and on the other are parents and other citizens who strongly oppose relinquishing local control over education to anonymous, unaccountable entities in Washington, D.C. Until recently the elitists, with all their money, seemed to have the upper hand. But recent developments suggest the tide may be turning.

The elitist view is that only “experts” (and preferably experts in Washington) know how to educate Florida children to prepare them to be fodder for the economic machine, and parents should quite simply shut up and do as they’re told. But parents’ refusal to comply has necessitated a change in strategy. (read the rest)
Photo: Jeb Bush at 2013 CPAC by Gage Skidmore (CC-BY-2.0)

 
Other articles: 
Thursday
Apr032014

American Principles In Action - Steve Forbes Endorses Centennial Monetary Commission 

Dear Monetary Policy Observer,


The Centennial Monetary Commission has received a major endorsement by Steve Forbes.  In an insightful Forbes column this month, Forbes named the Commission as one of two steps needed to reform the Federal Reserve and revitalize economic growth.  From the article:

– Pass the Brady-Cornyn bill. This legislation would create a commission to examine monetary policy–where it is currently and where it should go. We need to take a thorough, thoughtful look at the record, from the time the Fed was created just over a century ago to today. We also need to consider basic reforms–including implementing a new gold standard–even if they violate the reigning orthodoxy. Congressman Kevin Brady (R–Tex.) and Senator John Cornyn (R–Tex.) have taken great care that such a study be carried out by key members of Congress and knowledgeable individuals representing various schools of thought.


The growing support for this bill reflects the understanding that getting monetary policy right is vital to equitable prosperity.  We will continue to provide you with updates on developments regarding this important legislation. 

Sincerely,

Nicholas Arnold
American Principles In Action
www.americanprinciplesinaction.org

Wednesday
Mar262014

American Principles In Action - RNC Urges Passage of Brady-Cornyn Centennial Monetary Commission 

Dear Monetary Policy Observer,

The RNC recently passed a resolution calling for the adoption of a bipartisan Centennial Monetary Commission.  APIA senior economics advisor Ralph Benko makes the case in his latest Forbes column that this is a sign  of good money policy debate coming out of policy hibernation, and  details  the growing institutional support for the Brady-Cornyn Centennial Monetary Commission Act (HR1176/S1895).

We hope you find this material of interest.

Sincerely,

Nicholas Arnold

American Principles In Action

www.americanprinciplesinaction.org

 

Unemployment Will Remain High So Long As The Dollar Remains Wiggly

The Republican National Committee recently passed a resolution, by the unanimous vote of its National Committeepeople, calling for the creation of a national Monetary Commission.  This legislation is prime sponsored in the House of Representatives by Joint Economic Committee Chairman Kevin Brady (R-Tx) and in the US Senate by Republican whip John Cornyn (R-Tx).

Cato, with a representative from Heritage, recently conducted a panel on Capitol Hill on this same proposed Commission.

…This, however, is not a partisan issue.  It very much is one that loyal Democrats can, and should, embrace.  Even the RNC made a nonpartisan call to action for “all political and civic leaders,” not just Republicans.  Job creation through good money is bigger than partisan politics.

Read the Full Article Here