Carson discusses fiat currencies in a recent interview.
Ben Carson raised important questions regarding U.S monetary policy during in an interview last week. He asserted that government spending is crippling the economy and the Federal Reserve printing worthless paper money is exacerbating the problem.
On the budget, Carson said:
If we simply refuse to extend the budget by one penny for three to four years, you got a balanced budget. Just like that. So this is not pie in the sky, very difficult thing to accomplish. Having said that, one of the bugaboos that has kept us from reducing government in the past is sacred cows. What I would do is first of all, allow the government to shrink by attrition. Don’t replace the people who are retiring, thousands of them each year. And No. 2: Take every departmental head, or sub-department head and tell them, ‘I want a 3 to 4 percent reduction.’ Now anybody who tells me there’s not 3 to 4 percent fat in virtually everything that we do is fibbing to themselves.
Carson also discussed monetary policy and fiat currency:
Now the only reason that we can sustain that kind of debt is because of our artificial ability to print money, to create what we think is wealth, but it is not wealth, because it’s based upon our faith and credit. You know, we decoupled it from the domestic gold standard in 1933, and from the international gold standard in 1971, and since that time, it’s not based on anything. Why would we be continuing to do that?
While Carson is not perfect, his outside-the-box thinking is impressive. It’s rare to hear presidential candidates talking about real pertinent issues such as fiat currencies and the Federal Reserve.
Instead of focusing on identity politics, it’s refreshing to see that Carson is more interested in tackling important issues.
You can read more about this here.