Since the last Republican debate on October 28, there has considerable buzz in supply-side circles regarding the brief, but notable comments by U.S. Senator Ted Cruz in support of linking the U.S. dollar to gold (as well his support for "Audit the Fed" legislation) at the CNBC sponsored forum.
Ralph Benko provides commentary at The Pulse 2016 and Forbes Opinions.
Judy Shelton, co-director of the Sound Money Project for the Atlas Network, offers her thoughts at thehill.com.
The New York Sun gives credit to CNBC's Rick Santilli for asking Senator Cruz (and U.S. Senator Rand Paul) to comment on the Federal Reserve and monetary policy. The Sun correctly identifies monetary policy as the greatest issue of the election and in the final two paragraphs asks a number of critical questions that need to be answered. These are questions that the policy elite refuse to address.
Steve Forbes wrote a great piece in Forbes using the occasion of the Cruz's comments to offer a simple to understand explanation of why a gold standard is so vital to economic prosperity. If only this man could be U.S. Treasury Secretary!
It would indeed be a shame if Cruz and Paul do not carry the momentum of this issue into the next debate that is being sponsored by the Fox Business Network on November 10. The Democrat Party frontrunners Hillary Clinton and Bernie Sanders are quite comfortable with the status quo of having a handful of masterminds at the Fed manipulating interest rates and "managing" the economy.
It is a winning issue for the GOP. Let's hope for even more substantive discussion of this issue in upcoming debates and out on the campaign trail.
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