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Posted on 01/21/2012 6:00:47 PM PST by Tolerance Sucks Rocks
CHARLESTON, S.C. — Newt Gingrich has moved to capture some Republican voters who lean toward Ron Paul and other Republicans who were Jack Kemp followers by naming two gold bugs to the Gingrich future team of advisers.
The former House speaker says he intends to appoint investment banker Lewis E. Lehrman, famous in the Reagan era for his red suspenders and gold-standard advocacy, and Jim Grant, editor of Grant’s Interest Rate Observer, as President Gingrich’s Gold Commission - if and when of course Mr. Gingrich wins both the Republican nomination and the general election in November.
Mr. Paul, a Texas congressman with a conservative libertarian world view, earlier had promised to appoint Mr. Grant as chairman of the Federal Reserve Board.
“It is a smart move to pitch both the Paul enthusiasts who may not think Paul has a chance and the Kempians,” conservative fundraiser Richard Norman told The Washington Times.
“Kemp and Paul are about as far apart as you can get but the one thing that unites them is a return to the gold standard.”
The late Mr. Kemp was the darling of the many in the conservative movement when as a New York congressman he cosponsored what became the three-year across-the-board 25 percent cut in personal and corporate income-tax rates.
Mr. Gingrich told the Southern Republican Leadership Conference in Charleston the day after his debate in South Carolina that pegging the dollar’s value to gold should be considered by a presidential level study group.
Mr. Lehrman headed such a commission in the administration of Ronald Reagan.
Last year, Mr. Lehrman authored a book titled, “The True Gold Standard: A Monetary Reform Plan Without Official Reserve Currencies.”
(Excerpt) Read more at washingtontimes.com ...
Awesome news.
Most awesome.
Good political move on Newt’s part.
Excellent. A smart move.
Newt was always a supply sider. But supply side monetary policy, while based on gold, is not the same as Austrian monetary policy.
Apparently Newt has not forgotten that we still have adults living in this country....
We are 16 trillion dollars in direct debt, 100 trillion in indirect debt. The only solution to the debt is inflation. Once the debt is dealt with then maybe the USA can return to a sound money policy, but we simply can not do that while we are borrowing 43 cents on every dollar spent. And since no in D.C. wants to cut spending by the trillion plus a year it would take to balance the budget do not expect a return to sound money any time soon.
I worked on Lew Lehrman’s campaign for Governor of New York and voted for him. We lost 51-49 and I’m still disappointed about it. I think he would have been a great governor and I think he’d be great in any capacity. I hope that in the next administration, Lew or someone like him gets to be Treasury Secretary.
It destroys everything.
Yes it does, but there is no other way to deal with out debt. Inflation is coming better prepare as best you can, where is no will in D.C. to cut spending, debt just piles higher and higher all this madness ends in economic collapse and hyper inflation, where is no other exit.
Smart move! Ron Paul isn't right about much but on THIS issue he is RIGHT ON!
“Inflation is coming”
I thought it was already here. (in the prices of the necessities of life, but not in wages)
The best recourse on the debt is simply to repudiate it, declare bankruptcy and start over.
I don’t know how a nation declares bankruptcy, all the nations I can think of that got themselves into a huge debt problem inflated their way out of the problem. I imagine we will do the same, and yes most Americans will be made much poorer by inflation, $5.00 gas will be the good ole days. I can see $30 a gallon easy.
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