Trump Nominates Gold Standard Supporter To Federal Reserve Board
Trump Nominates Gold Standard Supporter To Federal Reserve Board 7/9/2019 Author: 777 Media Source On July 2nd, President Trump nominated Judy Shelton to fill one of the two open positions on the Federal Reserve board. Judy Shelton currently has the position of U.S. Executive Director of European Bank of Reconstruction & Development. According to multiple sources, Shelton is a strong supporter of the gold standard and has heavily criticized the Federal Reserve. It was noted that in a 2018 piece published by the Cato Institute regarding cryptocurrency she wrote, “If the appeal of cryptocurrencies is their capacity to provide a common currency, and to maintain a uniform value for every issued unit, we need only consult historical experience to ascertain that these same qualities were achieved through the classical international gold standard,” Shelton also stated, “In proposing a new internati...