Fed nominee Shelton backs the gold standard – there are good reasons why we aren’t on it (Premium)

Federal Reserve nominee Judy Shelton has gained the approval of the Senate Banking Committee, which opens the door to a full Senate vote on her confirmation. If approved, she will be the first Federal Reserve Governor in many decades to advocate a return to the gold standard. This is contrary to not just mainstream economic thinking today but pretty much everyone’s economic thinking. Here’s the context of the conversation.
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