Dr. Judy Shelton: Where is all the Fed’s Money Going?
Dr. Judy Shelton: Where is all the Fed’s Money Going?
Liberty and Finance: 2-24-2025
In a recent discussion with Liberty and Finance, Dr. Judy Shelton, former economic advisor to President Donald Trump and author of “Good as Gold: How to Unleash the Power of Sound Money,” delivered a powerful argument for a return to honest money, framing it not just as an economic necessity but as a moral and constitutional imperative.
Shelton, a long-time advocate for sound monetary policy, argues that the Federal Reserve’s current approach, particularly its focus on “stable inflation,” fundamentally betrays the principles of true monetary integrity.
Shelton’s core argument hinges on the idea that the Federal Reserve’s inflation targeting directly erodes purchasing power. While the Fed aims for a moderate level of inflation, Shelton argues that this constant devaluation of the currency disproportionately harms those with lower incomes and fixed savings, exacerbating wealth inequality.
In essence, she posits that the pursuit of “stable inflation” is a government-sanctioned theft of wealth from ordinary citizens.
Drawing on historical examples, Shelton champions a return to a gold standard as a potential remedy for the current monetary malaise.
She argues that a currency linked to gold, unlike the fiat currency controlled by the Federal Reserve, provides a natural check on government spending and prevents the excessive printing of money that leads to inflation.
A gold standard, according to Shelton, fosters greater price stability and encourages long-term economic planning.
Moreover, Shelton raises concerns about the accuracy of official government inflation statistics, suggesting they often paint a misleading picture of the true economic situation faced by everyday Americans. She believes that these flawed metrics lead to misguided investment decisions, ineffective government policies, and a general lack of transparency about the real state of the economy.
Shelton’s message is a call to action for radical reforms and increased public awareness. She believes that restoring monetary integrity requires a fundamental shift in how we perceive money and the role of the Federal Reserve.
Holding the Fed accountable and demanding sound monetary policy, she argues, is essential for safeguarding the economic future of individuals and the nation as a whole.
Ultimately, Dr. Judy Shelton’s perspective offers a compelling challenge to the status quo, urging a critical re-evaluation of our monetary system and advocating for a return to principles of honesty, transparency, and stability in our currency.
Her call for a return to sound money is not just about economics; it’s about upholding fundamental principles of fairness and accountability that underpin a just and prosperous society.
