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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?


To: Tom Clarke who wrote (341513)1/5/2010 10:56:48 AM
From: Joe Btfsplk2 Recommendations  Respond to of 793927
 
I've considered Steve Forbes to be at the forefront of economically literate candidates. Shame he's summat goofy looking in a TV age.

Some years ago he proposed a quasi gold standard; said the Fed should peg to the POG. If gold got above a certain range, the fed should contract, expand when gold fell. Not sure, but believe gold was around $200 when he first made the proposal.

Had we listened I suspect we'd be in far better shape today.