New Sound Money Caucus Launched On Capitol Hill

The below quotes are only part of the article:

“As the political and central banking establishment in Washington continues to bail out the economy and markets by creating trillions of unbacked pieces of paper and electronic digits, a handful of Congressmen hope to shine a new spotlight on the devastating effects of this runaway financial profligacy.

Monetary policy, especially since the 2008 financial crisis, coupled with the recent federal fiscal response to coronavirus has re-inflated nominal asset prices and contributed to the wealth gap, while weakening the Federal Reserve Note in relation to the world’s other fiat currencies.

In an era where even so-called “conservatives” are adding trillions to the federal deficit, sound money is more important than ever. Sound money is the linchpin of a prosperous society because it protects capital and creates stability.

Further, sound money acts as a bulwark against Big Government and runaway levels of debt.

Americans and even Fed-bugs are grappling with the immutable truth that governments can’t print society into prosperity.”

https://www.zerohedge.com/political/new-sound-money-caucus-launched-capitol-hill