Our favorite gold bug, Judy Shelton, has offered Washington an instrument that looks, at first glance, like a clever escape hatch from the borrow-spend-print treadmill that has defined American fiscal policy for a generation. And on their face, her proposed gold-backed 50-year US Treasury bonds appear to be straight-forward. To wit, Uncle Sam would issue […]
Why Dear Old Uncle Sam Shouldn’t Get Naked With Judy Shelton….’s Gold Bonds
