Project 2025 Wants Gold to Rule Again — But Is It Fool’s Gold?
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Project 2025, launched in 2023 by the Heritage Foundation, proposes reestablishing the gold standard and eliminating the Federal Reserve; Donald Trump disavows the project despite contributions from former Cabinet members; Chapter 24 advocates for free banking and gold-backed currency as solutions for economic stability; Experts Michael Bordo and John Cochrane criticize free banking as historically unstable; Bordo emphasizes that the gold standard did not ensure price stability; Cochrane argues for government involvement in defining currency value; Project 2025 suggests reforms for the Federal Reserve, including eliminating the dual mandate and setting explicit inflation targets; Critics highlight the impracticality of returning to a gold standard in today's economy.
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https://www.kitco.com/news/article/2024-10-10/project-2025-wants-gold-rule-again-it-fools-gold
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