At the moment there are 2 vacancies within the American central bank, the FED, governors body. So the Trump administration is making efforts to fulfill them. Normally they find some technical banker that is indoctrinated with devastating policies. After all, if policies don’t work you simply repeat them and expect another outcome.
The good news is that the Trump administration is considering Ms. Shelton is not trained as a banker. She holds a doctorate in business administration from the University of Utah. What makes her more interesting is that she frequently writes in favor of the Gold standard.
Unfortunately fails to notice the difference between a real and historical working Gold standard and the Bretton Wood system. The last one had some impact on inflation. But was not a real Gold standard.
A real Gold standard takes the money creation away from the central bank. The big benefit of this is that the free market will have just another method to thrive.
When we look at the current monetary system than we need to keep in mind that the terrible situation we are in right now is due to what the central bankers and monetary system are doing to us. So when will we step up and end it?