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New York Sun/Editorial/7-21-2020
“Ms. Shelton quoted the Constitution at length during her testimony before the Banking Committee. She spoke of money as a standard of value. Then, in what may become famous words, she said: ‘I think that money has to work the same for everyone in the economy, and it’s important that it serve that purpose as a reliable measure, so that people can plan their lives.’ In a sense, she said, it’s a “moral contract.”
USAGOLD note: We forget that Alan Greenspan, who was once dubbed “the Maestro” for his skills at central banking, was also an advocate of the gold standard. He did not press the issue as chairman of the Fed and we do not suspect that Judy Shelton will press it either. With all the overwrought attacks leveled at Shelton in the mainstream media, we thought we would provide a little balance with this profile published in the New York Sun.