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Entries in Monetary Policy (92)


APP in the News! 5-23-15  

An Honest Debate About Abortion Needs More Voices

Alfonso Aguilar on CNN Espanol Discusses Jeb vs. Hillary

Greenspan Attacked for Joining APP Jackson Hole Summit

Why I Care: An Anti-Common Core Activist Talks Homework

Alfonso Aguilar Discusses Five-Point Immigration Plan on Newsmax

Conservatives must take the lead on immigration reform, and that is why he has introduceda five-point plan to guide Congress to do just that, Alfonso Aguilar, executive director of the Latino Partnership at American Principles and former chief at the U.S. Office of Citizenship, told Newsmax TV. (read more)

APP to Host Launch Event for George Gilder's New Monograph in NYC

The American Principles Project will be holding a launch event for Gilder’s new monograph on June 2nd in New York, New York. Speakers at the luncheon will include: George Gilder, a Senior Fellow at the Discovery Institute, Sean Fieler, Chairman of the Board at American Principles Project, and Jim Grant, Founder of the Grant Interest Rate Observer. (read more)

Sen. Vitter Introduces Bill to Return Control of Education Records to Parents

"Senator Vitter’s bill is a giant step forward in protecting children and families from corporate exploitation. For far too long, Congress has favored policies that treat children like human capital, a means to an end,” Emmett McGroarty, education director for American Principles Project, tells Breitbart News. “And it has repeatedly failed to stand at the Constitutional line to protect the states from federal overreach. Now, parents are rising up to demand that Congress protect their children.” (read more)

Additional Items of Interest


APIA - Paul Krugman's sciencefictionomics 

Dear Monetary Policy Observer, 

Paul Krugman is one the leading, and shrillest, critics of free market economic policies. Thus it is of real interest that Prof. Krugman wrote that he considers Asimov’s Foundation Trilogy the most influential book of his life, and was inspired by it to “develop a social science that gives its acolytes a unique ability to understand and perhaps shape human destiny.”  APIA's senior economics advisor, Ralph Benko, devoted two columns at entitled “The Science Fiction Behind Paul Krugman's Economics, Parts One and Two.” 

Prof. Krugman says, in a foreword to an edition of Asimov's great work: "The trilogy really is a unique masterpiece; there has never been anything quite like it. ... I grew up wanting to be Hari Seldon, using my understanding of the mathematics of human behavior to save civilization.” 

The contrast between Prof. Krugman and some of his fellow Nobel laureates, such as Hayek and Mundell, represents a “War of the Worldviews” that will determine whether America continues to stagnate economically or once again flourishes.  It is our belief that model-based central planning now practiced by the Federal Reserve, as championed by Prof. Krugman, has shown itself a recipe for putting the American economy into the Twilight Zone. It is time for a review of what monetary regimes have proven, in practice, optimal for job creation, economic mobility, and equitable prosperity. 

Monetary policy is within Congress's constitutional powers.  We commend the prospect of Congress convening a monetary commission, to which end legislation was initiated in the 113th Congress, gaining 40 sponsors.  We also hope and expect to see it introduced in the 114th. 



Nicholas Arnold

American Principles In Action


APP - APP Red, White & Blue Gala a Success! 

American Principles Project

Dear Friends,

I wanted to take a moment to share some of the highlights from American Principles Project’s 3rd annual ‘Red, White and Blue Gala’ and our first-ever State Lunch in Washington, D.C. last week.

This year we held our first-ever State Lunch, which focused on Common Core and featured Governor Bobby Jindal (R-Louisiana) as the keynote speaker.

At the State Lunch, Governor Jindal spoke substantively about Common Core, federal overreach, and how the government is taking power away from parents and teachers and empowering bureaucrats in Washington, D.C. You can watch his full presentation here:

That evening, we welcomed over 350 people to our 3rd annual ‘Red, White and Blue Gala’, not to mention over 70 reporters and 30 media outlets, making it our most successful Gala to date.

The keynote speaker for the evening was Governor Rick Perry (R-Texas), and actress and former Miss USA Ali Landry was featured as the Master of Ceremonies. The evening also featured short presentations from our founder Professor Robert George, actor Eduardo Verastegui, Delaware RNC Committeewoman Ellen Barrosse and more.

You can watch Governor Perry’s presentation here:

All other presentations, pictures and media highlights can be found on our website here.

Click here for a full list of the media’s coverage of APP’s State Lunch and Gala.

During the Gala last Thursday, we also debuted a new American Principles Project video featuring the APP team and our work. You can watch the 3-minute video here: 

Thank you for your support over the past year and we look forward to keeping you updated on our work over the next year, especially as we head towards the critical 2016 presidential election.

Frank Cannon
President, American Principles Project


APIA - Heritage Foundation renews call for Monetary Commission 

Dear Monetary Policy Observer,


Heritage Foundation's Dr. Norbert Michel, in a recent column, called for the establishment of a monetary commission as the lead item among his calls for action by the new Congress. 


Dr. Michel named the Brady-Cornyn Centennial Monetary Commission Act as a “perfect vehicle” for assessing Fed performance and implementing reform. You can read the full article here


We hope you find this material of interest.


APIA - Gov. Florio’s Night of the Living Gold Standard 

Dear Monetary Policy Observer, 

Former New Jersey governor Jim Florio voiced a somewhat shrill alarm to the return of the gold standard as a viable campaign issue for federal candidates like Jeff Bell and Rand Paul.  

APP economics director Steve Lonegan replies with a well reasoned account of how leaving the gold standard has hurt economic growth and the middle class, and why considering the idea of a gold backed dollar isn’t something that should, as Florio put it in ironically seasonal terms, “have a stake driven through its heart.” 

We hope you find this material of interest. 

Happy Halloween, 

Nicholas Arnold

American Principles In Action


Gov. Jim Florio’s “A Proposed Return to the Gold Standard is Cause for Concern” contains a certain irony: Mr. Florio's embrace of the most important decision made about our money in our lifetime made by President Richard Nixon, who left office under a severe cloud.

The facts are clear. During the 40 years prior to Nixon ending the gold standard the nation’s economy grew, on average, 4.5 percent per year. Since the Aug. 15, 1971 “Nixon Shock,” our average GDP growth has dropped by more than 25 percent annually. Had we maintained gold standard growth rates, this country’s economy -- and on average each of your paychecks and net worth -- would be 50 percent bigger today.

Mr. Florio refers to the ensuing "easy money" policies of the Federal Reserve as “stimulating” the economy. He omits that this has led to 1 percent of the population benefiting from 95 percent of the stock market wealth produced by “Quantitative Easing.” Meanwhile, middle-income families have seen their buying power drop 8 percent since 2007, caught in the grip of wage stagnation and a rising cost of living. The rich are getting richer and the middle class is getting poorer.

Read the full article here: