Essence Of The Judy Shelton Nomination: PhD Standard Versus Honest Money

In the end, the practical choice boils down to the Gold Standard, or the "PhD Standard." If your money isn't based on gold, it will be based on the variable opinions of people bearing PhDs. One has always worked; one has never worked; and I think most Americans already understand this pretty well.





David Stockman's Contra Corner is the only place where mainstream delusions and cant about the Warfare State, the Bailout State, Bubble Finance and Beltway Banditry are ripped, refuted and rebuked. Subscribe now to receive David Stockman’s latest posts by email each day as well as his model portfolio, Lee Adler’s Daily Data Dive and David’s personally curated insights and analysis from leading contrarian thinkers.