Go back on the gold standard. If there’s any gold left.

Abolish the Fed.

Abolish the 16th amendment.

Let the free market reign.

Unleash energy.

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The grim reality of political economics is that while merchants and manufacturers prefer sound money, governments and financial speculators abhor sound money.

Going back to the Roman Empire and beyond, there has never been a single government that has not debased its own currency for the sake of spending more.

As much as ordinary citizens would benefit from a gold standard, going back to the gold standard is a political impossibility. Unsound money will always prevail over sound money, because that's what the governments want.

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"Now if only the Federal Reserve can catch a clue and craft a new strategy on inflation."

What should that strategy be? If you were given absolute power over Fed policy, what would you do?

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