WASHINGTON, D.C. – American Principles in Action’s Director of Monetary Policy, Steve Lonegan, released the following statement regarding the Federal Reserve’s inaction today following its Federal Open Market Committee (FOMC) meeting: “Today the Federal Reserve failed to take any definitive steps … [Read more...]
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.
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 chairwoman Janet Yellen met with several left-leaning groups last month to discuss monetary policy. Now, several conservative organizations are asking for the same opportunity. Twenty representatives from more than a dozen conservative groups hand-delivered their request to the … [Read more...]
Steve Lonegan, our director of monetary policy, was on News Radio 1110 AM KFAB in Omaha, NE discussing the budget battles going on in DC. You can listen in below. … [Read more...]
The Federal Reserve insists that its policies are non-partisan. However, to maintain that image the Fed, like Caesar’s wife, must be above suspicion. Unfortunately, major public appearances by Fed Chair Janet Yellen since her term began raise doubts about the tilt of Fed policy. In her first … [Read more...]
Conservative activists are pushing Federal Reserve Chair Janet Yellen to grant them the same access that they say she gave liberal organizations last month. Yellen should keep the central bank non-partisan and “show the country she is willing to listen to all sides,” Steve Lonegan of American … [Read more...]
Lonegan, joined by founder and president of Americans for Tax Reform Grover Norquist, criticized Yellen for making her position and the Fed more and more political. “Up until recently, people considered the Fed one of the least politicized agencies in Washington,” said Norquist. “That has … [Read more...]
Fox Business covered American Principles In Action's Tuesday press conference and interviewed American's for Tax Reform's Grover Norquist, who spoke at the event. Watch the full video below: Watch the latest video at video.foxbusiness.com … [Read more...]
A conservative group critical of the Federal Reserve is requesting a meeting with Chairwoman Janet Yellen after she met with a group representing workers and labor on Friday. American Principles in Action's Steve Lonegan wrote to Yellen in a letter dated Monday that the "Left does not have a … [Read more...]
In November, Yellen met with a coalition of community organizers and labor unions organized by The Center for Popular Democracy – a progressive organization that describes itself as pro-worker, pro-immigrant and pro-racial and economic justice. The coalition is dissatisfied with the economy and … [Read more...]
American Principles in Action Economics Director was on Fox Business with Neil Cavuto to discuss how further regulations or taxes could end positive job and economic growth. Watch the latest video at video.foxbusiness.com … [Read more...]