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Six Steps Trump Can Take Toward Better Monetary Policy
Mises Wire
Author: Jp Cortez Stefan Gleason
Online Publish Date:
Category: Money and Banking, Political Theory, Money and Banks
Since Nixon severed the final link to gold in 1971, the US dollar has lost more than 80% of its purchasing power, wreaking havoc on ordinary savers, conservative investors, and households on fixed incomes. Today, inflationary monetary policy continues to be a foundational tenet of all presidential administrations as politicians and central bankers
China Moves Forward with Its De-Dollarization Strategy
Mises Wire
Author: Stefan Gleason
Online Publish Date:
Category: Money and Banking, Political Theory, Global Economy, Money and Banks
The world monetary order is changing. Slowly but steadily, global trade and currency markets are becoming less dollar-centric. Formerly marginal currencies such as the Chinese yuan now stand to become serious competitors to U.S. dollar dominance. Could gold also begin to emerge as a leading currency in world trade? Over time, it certainly could.