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Steve Forbes: Link dollar to gold.

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Steve Forbes: Link dollar to gold or face Great Depression II

"[The Fed's] vastly misguided monetary policies are now setting the stage for a new economic and social catastrophe — one that could rival the financial crisis and horrors of the 1930s,” he wrote in the book co-authored by Elizabeth Ames.

 

<snips>

 

The book is extremely critical of the Fed, especially former Chairman Ben Bernanke and current Chairwoman Janet Yellen. "The Federal Reserve must stop trying to run the banking system and the economy."

 

This may be an plug for his book disguised as an artilce but the closing paragraph should be worth its weight in gold.


Instead, the power of the Fed should be restrained, he said. "In an ideal world the head of the Federal Reserve would be no more important than the director of the Office of Weights and Measures inside the Department of Commerce."

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