June 3, 2014 – A new Washington Examiner report explains that influential financial publisher Steve Forbes has issued a warning that the United States is facing an economic catastrophe due to the Federal Reserve’s loose dollar policy. Forbes argues that returning to the “gold standard” is the only way to avoid disaster.
According to Forbes, “The best way to achieve monetary stability: linking the dollar to gold,” he wrote in his new book “Money: How the Destruction of the Dollar Threatens the Global Economy — and What We Can Do About It.”
Among the list of economic problems that Forbes blames on the monetary policies are:
- Weak US economic recovery
- Slower long-term growth and higher unemployment
- High food and fuel prices
- Declining mobility, greater inequality and the destruction of personal wealth
- Increased volatility and currency crises
- Larger government with higher debt
- Lower levels of business innovations and entrepreneurship
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