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New York Sun: The class-backed dollar
11:24p ET Sunday, September 1, 2013
Dear Friend of GATA and Gold:
Noting a New York Times report that supporting the middle class is being advocated as a policy objective for the Federal Reserve and its new chairman, the New York Sun today makes an editorial observation that is wonderfully ironic in the Keynesian climate of Washington. That is, the middle class in the United States did better not when really smart people were in charge of money creation on a day-to-day basis but when the dollar was defined quite primitively by gold. The Sun's editorial is headlined "The Class-Backed Dollar" and it's posted here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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