The New York Sun/Seth Lipsky/2-14-2022
“The Senate Banking Committee is fixing to send to the full Senate tomorrow five nominees for governors of the Federal Reserve, including the chairman, Jerome Powell. The New York Sun opposes each of them. Yet our overriding concern is not the nominees themselves, but the failure of the senators to consider that the root of the problem in our economy lies with the system of fiat money itself.”
USAGOLD note: Seth Lipsky goes to the heart of the matter in this New York Sun editorial. Though we are sympathetic, there is little hope that the monetary system will be anything other than fiat for the discernible future. Putting oneself on the gold standard remains the best option for dealing with the situation as it is.
