From Jefferson's early warnings to Roosevelt's Bretton Woods and Nixon's Camp David Shock, Shelton's Fixing the Dollar Now is rooted in the need-to-know historical foundations of today's dollar crisis. Drawing on the hard-learned lessons of the late-18th century, she first makes clear, There can be no question that our nation's Founders deliberately sought to ensure that the new government...would never be able to indulge in the same monetary fraud that had brought ruin and cynicism to the individual states. And yet, Shelton argues the story of sound money in America has been an incremental slide away from these foundations in the name of political expediency. We need to end the practice of having our elastic currency serve as the default mechanism for government fiscal irresponsibility, she writes. Easier said than done? Shelton offers five complementary approaches weighed carefully and tailored for today's window of political possibility. Ranging from a reexamination of the Federal Reserve's dual mandate to a responsible return to gold convertibility, Shelton's solutions represent a bold yet well-reasoned challenge to today's leaders in Washington.
Fixing The Dollar Now
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Dr. Shelton offers here a much-needed education on the historical roots of sound money in America and, in so doing, secures the foundation for real world solutions tailored to the problems our nation faces now. Members of Congress, take note! --Larry Kudlow, Host of CNBC s The Kudlow Report
At once bold and practical, sophisticated and straightforward, this concise study is a must-read for all would-be reformers of our broken monetary system. And in showing us how to fix the dollar, Judy Shelton points the way to deeper principles of reform for our troubled polity and economy. --William Kristol, Editor of The Weekly Standard
In this concise, elegant and irrefutably argued book, Judy Shelton shows exactly how to make the dollar sound again. May the next president of the United States, along with the next secretary of the Treasury, read every word. --James Grant, Editor of Grant's Interest Rate Observer
At once bold and practical, sophisticated and straightforward, this concise study is a must-read for all would-be reformers of our broken monetary system. And in showing us how to fix the dollar, Judy Shelton points the way to deeper principles of reform for our troubled polity and economy. --William Kristol, Editor of The Weekly Standard
In this concise, elegant and irrefutably argued book, Judy Shelton shows exactly how to make the dollar sound again. May the next president of the United States, along with the next secretary of the Treasury, read every word. --James Grant, Editor of Grant's Interest Rate Observer
About the Author
Judy Shelton is an economist with expertise in global finance and monetary issues. She is co-Director of the Sound Money Project at the Atlas Economic Research Foundation. Author of The Coming Soviet Crash (1989) and Money Meltdown (1994), her international economics articles have been published by The Wall Street Journal, New York Times, Washington Post, Financial Times, Nihon Keizai Shimbun and El Economista. She has given expert testimony before the Joint Economic Committee, Senate Banking, Senate Foreign Relations, House Banking, and House Foreign Affairs committees. She is a former senior research fellow at the Hoover Institution (Stanford University) and was professor of international finance at DUXX Graduate School of Business in Monterrey, Mexico. She was a staff economist for the National Commission on Economic Growth and Tax Reform chaired by Jack Kemp (1995-96) and has served on the boards of Hilton Hotels and Atlantic Coast Airlines. In January 2010 she was named Vice Chairman of the Board of Directors of the National Endowment for Democracy; she is the Board s regional expert on Russia, Ukraine and Belarus and also serves on the Budget and Audit Committee. Dr. Shelton holds a Ph.D. in business administration from the University of Utah.
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More About the Author
Judy Shelton is an economist with expertise in global finance and monetary issues. She is co-Director of the Sound Money Project at the Atlas Economic Research Foundation. Author of The Coming Soviet Crash (1989), Money Meltdown (1994), and Fixing the Dollar Now: Why US Money Lost Its Integrity and How We Can Restore It (2011), her international economics articles have been published by The Wall Street Journal, New York Times, Washington Post, Financial Times, Nihon Keizai Shimbun and El Economista. She has given expert testimony before the Joint Economic Committee, Senate Banking, Senate Foreign Relations, House Banking, and House Foreign Affairs committees. She is a former senior research fellow at the Hoover Institution (Stanford University) and was professor of international finance at DUXX Graduate School of Business in Monterrey, Mexico. She was a staff economist for the National Commission on Economic Growth and Tax Reform chaired by Jack Kemp (1995-96) and has served on the boards of Hilton Hotels and Atlantic Coast Airlines. In January 2010 she was named Vice Chairman of the Board of Directors of the National Endowment for Democracy, she is the Board's regional expert on Russia, Ukraine and Belarus and also serves on the Budget and Audit Committee. Dr. Shelton holds a Ph.D. in business administration from the University of Utah.
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4 of 4 people found the following review helpful
By D Lonowski
Format:Kindle Edition
In less than 70 pages, the author shows us how our founding fathers viewed money, what they wished for their new nation, and how we steered off course over the generations. It is a short course, easily grasped, not a treatise, not intellectual, but a tutorial. The best resource of its kind I have found - and I've studied most of them. After this, I feel I could explain to a child why sound money does matter. Should be required reading by all American adults.
