New York Sun: Why the Fed needs Judy Shelton

Section:

From The New York Sun
Friday, August 28, 2020

The first thing that strikes us about the Federal Reserve's new "Statement on Longer-Run Goals and Monetary Policy Strategy" is that the vote to approve it in the Open Market Committee was unanimous.

The country may be down with its worst dose of divisiveness since practically the Civil War, and on almost every issue imaginable. Yet on the contentious issue of monetary strategy, the Fed turns out to be unanimous.

... Dispatch continues below ...



ADVERTISEMENT

Buy, Sell, or Store Precious Metals with Money Metals Exchange

Money Metals Exchange, a national bullion dealer recently voted "Best in the USA" by a worldwide ratings group --

https://www.moneymetals.com/news/2015/02/03/worldwide-ratings-organizati...

-- is a great low-cost source for precious metals coins, rounds, and bars. Money Metals also pays handsomely when you wish to sell your precious metals.

Shop online with Money Metals Exchange here --

https://www.moneymetals.com/buy

-- or by calling 1-800-800-1865.

Meanwhile, Money Metals Depository will store your precious metals in a segregated account at low cost:

https://www.moneymetals.com/depository



Which put us in mind of the Great Sanhedrin. That was the body of 71 sages of Jewish law. It sat at Jerusalem in the time of the Temple. It is recorded that the Great Sanhedrin refused to hand down a capital sentence if the rabbis were unanimous. Basically, it seems one thing the sages feared was the possibility that unanimity among the rabbis might indicate that the defense had been inadequate.

We have the same sense in respect of the Federal Open Market Committee's endorsement of the Fed's new monetary policy strategy. One feature of the new strategy, after all, is the Federal Reserve will go into less of an alert than under current policy if inflation gets above 2 percent. Is it ideal that this change in strategy was approved unanimously? Or is it possible that the idea of stable prices was inadequately defended? ...

... For the remainder of the commentary:

https://www.nysun.com/editorials/why-the-fed-needs-judy-shelton/91241/

* * *

Join GATA here:

New Orleans Investment Conference
Wednesday-Saturday, October 14-17, 2020

https://neworleansconference.com/online-registration/

* * *

Toast to a free gold market
with great GATA-label wine

Wine carrying the label of the Gold Anti-Trust Action Committee, cases of which were awarded to three lucky donors in GATA's recent fundraising campaign, are now available for purchase by the case from Fay J Winery LLC in Texarkana, Texas. Each case has 12 bottles and the cost is $240, which includes shipping via Federal Express.

Here's what the bottles look like:

http://www.gata.org/files/GATA-4-wine-bottles.jpg

Buyers can compose their case by choosing as many as four varietals from the list here:

http://www.gata.org/files/FayJWineryVarietals.jpg

GATA will receive a commission on each case of GATA-label wine sold. So if you like wine and buy it anyway, why not buy it in a way that supports our work to achieve free and transparent markets in the monetary metals?

To order a case of GATA-label wine, please e-mail Fay J Winery at bagman1236@aol.com.

* * *

Support GATA by purchasing
Stuart Englert's "Rigged"

"Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon --

https://www.amazon.com/Rigged-Exposing-Largest-Financial-History/dp/1651...

-- or for an additional $3 and a penny buy an autographed copy from Englert himself by contacting him at srenglert@comcast.net.

* * *

Help keep GATA going:

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16