FB: Gold and Health Care Musts For Next GOP Debate
TWO BIG ISSUES need to be addressed at the Jan. 28 GOP presidential debate, the last such joust before the Iowa caucuses.
One, of course, is health care, which was barely mentioned at the mid-January debate. All the candidates want to repeal ObamaCare. But what, specifically, do they want to replace it with?
The second issue is the Federal Reserve’s economic-growth-killing policies. Unstable currencies dampen productive investment. They’re like watches and clocks that no longer tell accurate time. Fixed weights and measures are crucial for a functioning marketplace. Money measures value the way scales measure weight. The fluctuating dollar and the suppression of interest rates–the price of borrowing money–have hurt lending to small and new businesses, the biggest job creators.
The dollar had been linked to gold for 180 years, from 1791 to 1971. Gold, in this case, is like a ruler. It keeps the greenback stable in value. Short of a gold standard, there are sensible reforms that could enormously help the economy.
