Economics

Gold is Money

Money with independent value is a crucial component of a free society and a free market. Gold has proved, throughout history, to be the ideal monetary commodity because it is universally valuable and has a steady supply growth. The classical gold standard produced the highest levels of long-term price stability and economic growth of all U.S. monetary systems. The current paper dollar standard has caused financial disorder and kept the American economy from reaching its potential.

We promote gold-backed monetary reform at the national and state levels, and work to educate lawmakers and policymakers about the need for such reform. We communicate these themes through the mainstream media, and engage activists and voters on this issue. We championed a presidential commission on gold, before it was included in the Republican primary contest. We have led the movement to use states’ constitutional legal tender power to monetize gold, and have reached mass audiences though commercials and town halls across the nation.

Pensions Project

State and local governments are feeling the pressure of a combined $4.4 trillion in unfunded retirement liabilities. Unless bold reform takes shape, they will be left to raise taxes and cut public services, in order to fund pension payouts. We believe pension reform should be grounded in three principles: truth, equality, and fiscal federalism. This means that government disclosure of pension debt should be truthful, retirement compensation for public and private-sector workers should be in line, and that the states and localities, rather than the federal government, should dictate pension reform.

We are unique in advocating these principles in the public pension debate. We promote these principles through model legislation, media, and public engagement.

State Legal Tender

State Legal Tender was created to foster discussion about the ability of states to use hard money. At a time when citizens are becoming increasingly frustrated about the dollar’s loss of purchasing power, enabling them to use gold and silver coins as currency is a first step toward fixing our dysfunctional monetary system.

FEDERAL RESERVE ACHIEVEMENT: RICH GETTING RICHER, POOR GETTING POORER, MIDDLE CLASS BEING SQUEEZED

Media coverage of Federal Reserve Chairman Janet Yellen’s speech ignores the continuing predicament of the middle income American. Sure, those with highly leveraged portfolios or a large pile of retirement assets might care, but that’s not the median income worker. For conversation sake let’s call … [Read more...]

Opinion: There ain’t no such thing as a free market

Steve Lonegan in MarketWatch Well-meaning conservative and libertarian groups beat the drum for something called “free markets.” Liberal groups blame these “free markets” for many of the world’s evils. Here’s the harsh reality neither side will tell you. There ain’t no such thing as a “free … [Read more...]

(Video) Fix the Dollar Kick-Off

Watch video of Steve Forbes and Steve Lonegan, our director of monetary policy, speak at the kickoff of our FixTheDollar campaign.   … [Read more...]

New Campaign Challenges Federal Reserve, Promotes Sound Money and Fixing the Dollar

New Campaign Challenges Federal Reserve, Promotes Sound Money and Fixing the Dollar Group Says Today’s Monetary Policy Takes Control Away from the People,Wants to Return Control to the People and Restore the Dollar WASHINGTON, D.C. – A new campaign launched today by American Principles in Action … [Read more...]

Ralph Benko Radio Interview on NJ Senate Race

Ralph Benko joined 920 AM's The Voice of Liberty to discuss Jeff Bell's surprise primary victory in the New Jersey Senate primary by running on a populist platform of equitable prosperity and the gold standard. Ralph also detailed Cory Booker's overlooked vulnerability on ObamaCare, late term … [Read more...]

The Hill: Spirit of Jack Kemp Rides Again

Originally published in The Hill by Ralph Benko Jack Kemp was one of very few transformational political leaders of the 20th century.  He incontrovertibly was the political prime mover in raising the world’s wealth to $100 trillion (trillion with a t).  As this writer elsewhere has … [Read more...]

Oklahoma Governor Signs State Legal Tender Bill

Oklahoma Governor Signs State Legal Tender Bill State Now Recognizes Gold and Silver Coins as Hard Money  WASHINGTON, D.C. – Governor Mary Fallin signed a historic bill (SB862) yesterday to recognize gold and silver coins as legal tender in the state. Oklahoma joins Utah, Texas, and Louisiana, as … [Read more...]

Forbes.com: Enacting Jack Kemp’s Gold Standard Will Bring Stupendous Growth To America And The World

By Ralph Benko on Forbes.com Later this week, much of the living inner circle of Rep. Jack Kemp’s brain trust will be convening, on Capitol Hill, to observe the 30th anniversary of Kemp’s introduction of the Gold Standard Act of 1984. The Jack Kemp Foundation President Jimmy Kemp considers the … [Read more...]

Federal Reserve Ignores Concerns of Everyday Americans

Yellen and the Fed Avoid Rising Prices, Stagnant Wages Washington, D.C.—American Principles in Action criticized the Federal Reserve and Fed Chair Janet Yellen today for dwelling on politically charged economic terms such as “income inequality,” instead of focusing on the concerns of everyday … [Read more...]

Fox News: Hey GOP, to Win in 2016 Fix Your Fundamental Brand Flaw

Originally published on Fox News by Maggie Gallagher Reince Priebus recently sat down with Politico to review progress since the release of the RNC’s “autopsy” on the 2012 election one year ago: “We have ‘the tale of two parties’ that we’re contending with,” Priebus astutely said, “We’ve got a … [Read more...]