Forbes Media Chairman and Editor-in-Chief Steve Forbes spoke with Reuters about his new book Money, which makes the case for reinstating the gold standard.
“If you don’t get money right, then the rest of the economy is going to have subpar growth. Since we went off the gold standard in 1971, the average growth rate in this country is about 1% less than between the end of WWII until the early 1970s. If we’d had those normal growth rates, this economy in the US would be 50% larger than it is now… When we don’t have stability in money, then you get less productive investment… and a lower standard of living.”
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Steve Forbes: Return to Gold Standard for Economic Stability (Video)
Forbes Media Chairman and Editor-in-Chief Steve Forbes spoke with Reuters about his new book Money, which makes the case for reinstating the gold standard.
Follow us on Twitter to stay up-to-date on Peter Schiff’s latest thoughts: @SchiffBlog
Interested in learning about the best ways to buy gold and silver?
Call 1-888-GOLD-160 and speak with a Precious Metals Specialist today!