MCViewPoint

Opinion from a Libertarian ViewPoint

Posts Tagged ‘sound money’

Sound Monetary Policy in Under 40 Words

Posted by M. C. on April 30, 2024

By George F. Smith

This will be brief, appropriate to the topic at hand.  It consists of a quote from Milton Friedman, found in Joseph Salerno’s outstanding book, Money, Sound and Unsound, p. 366:

If a domestic money consists of a commodity, [such as] a pure gold standard or cowrie bead standard, the principles of monetary policy are very simple. There arent any. The commodity money takes care of itself.  [emphasis added]
Imagine that.  If we have sound money we don’t need the Fed.  Or Congress.  We just need sound money.

End of essay.

See the rest here

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Erie Times E-Edition Article-Here’s how area members of Congress voted on major issues during the legislative week

Posted by M. C. on November 22, 2020

Blocking Judy Shelton as Fed Governor: Voting 47-50, the Senate on Nov. 17 failed to advance the nomination of libertarian economist Judy L. Shelton, 66, to the Federal Reserve System Board of Governors.

She has been affiliated with conservative organizations including the Hoover Institution and the Atlas Network and numerous ‘sound money’ and freemarket causes.

Sound money and free markets are small government and anti-war. Has Toomey “got religion” now that he isn’t running for office…Or was it just a mistake?

Casey…no change.

https://erietimes-pa-app.newsmemory.com/?publink=0f4b2de03

SENATE

Blocking Judy Shelton as Fed Governor: Voting 47-50, the Senate on Nov. 17 failed to advance the nomination of libertarian economist Judy L. Shelton, 66, to the Federal Reserve System Board of Governors. But Republicans left open the possibility of a revote this year on her appointment to the seven-member board that sets U.S. monetary policy. Shelton served under President Trump as U.S. envoy to the European Bank for Reconstruction and Development. She has been affiliated with conservative organizations including the Hoover Institution and the Atlas Network and numerous ‘sound money’ and freemarket causes. A yes vote backed the nomination. Bob Casey Jr.-D: No. Pat Toomey-R: Yes.

Confirming Stephen Vaden U.S. Trade Judge: Voting 49-43, the Senate on Nov. 18 confirmed Stephen A. Vaden, 38, the Department of Agriculture general counsel, for a lifetime appointment to the United States Court of International Trade. A specialized unit of the federal judiciary, the nine-judge panel adjudicates trade and customs-law disputes involving federal agencies, corporations, labor unions, private citizens, foreign governments and other litigants.

A yes vote was to confirm the nominee. Casey: No. Toomey: Yes.

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