Wall Street Journal/Judy Shelton/5-17-2022
USAGOLD note: In this editorial, Judy Shelton explores two interrelated questions. First, who is responsible for a sound dollar, Congress or the Fed? And second, who is to blame if the currency crumbles? She then attacks the political process in Washington for essentially defending inflation rather than producing a sound currency. She ends by calling for a commission “to carefully consider how best to secure the integrity of the American currency.” Much could be said relative to Shelton’s dollar critique and her proposal to make it a sound currency via the political process. While we are waiting for that to happen, though, the best alternative for most private investors who share her concerns is to confront the issue by owning sound money outright in the form of gold and silver coins and bullion.
