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We should go back to the gold standard, not digital currency payment systems. In a statement released on Thursday, US Congresswoman Majorie Taylor Greene US Congresswoman Marjorie Taylor Greene is against the upcoming launch of the digital payment system by the Federal Reserve. She suggests that the US return to the gold standard Read on to learn what the gold standard is, why it ended, what Trump has said about bringing back the gold standardand what could happen if a gold-backed Rep. Jennifer Wexton (D-Va.) questions Fed chair Jerome Powell about the gold standard and if the U.S. should return to that to base the U.S. currency. She also asks about Fed nominee Rep. Marjorie Taylor Greene (R-GA) settled weeks of speculation on Friday by announcing she will not run for Senate.The far-right congresswoman, known for a long Supporters of the monetary system claim that the gold standard is the only way to keep the country from borrowing too much money and racking up deficits. Think of it As the trust in government declines, the perceived ‘need’ for a new ‘gold’ standard has risen. A US movement to bring the gold standard back is gaining weight in One is that the U.S. should junk its present managed-money system (in which gold is used only as a currency reserve and to settle international accounts) and return Many argue that as a rules-based monetary policy, a new gold standard would constrain central banks (including the Federal Reserve) from creating inflation, and

US Congresswoman Marjorie Taylor Greene Calls for Return to Gold Standard

US Congresswoman Marjorie Taylor Greene is advocating for a significant shift in US monetary policy. In a statement released on Thursday, Greene declared, "We should go back to the gold standard, not digital currency payment systems." This bold statement comes as the Federal Reserve prepares for the upcoming launch of its digital payment system, a move Greene strongly opposes.

What is the Gold Standard?

The gold standard is a monetary system where a country\'s currency is directly linked to a fixed quantity of gold. Supporters of the monetary system claim that the gold standard is the only way to keep the country from borrowing too much money and racking up deficits. Think of it as a rules-based monetary policy, a new gold standard would constrain central banks (including the Federal Reserve) from creating inflation.

Why Did the US Abandon the Gold Standard?

The US officially abandoned the gold standard in 1971 under President Richard Nixon, primarily to address concerns about the country\'s ability to maintain its gold reserves amid growing international demand for gold. Many argue that as a rules-based monetary policy, a new gold standard would constrain central banks (including the Federal Reserve) from creating inflation, and that as the trust in government declines, the perceived ‘need’ for a new ‘gold’ standard has risen.

Trump and the Gold Standard: A History

The article mentions that Trump has commented on bringing back the gold standard. To learn more about his statements and potential plans regarding the gold standard, further research is recommended.

Could a Gold-Backed System Work Today?

The idea of a gold-backed currency has seen a resurgence in popularity. One argument is that the U.S. should junk its present managed-money system (in which gold is used only as a currency reserve and to settle international accounts) and return to a gold standard. However, the practical implications of returning to a gold standard are complex. Rep. Jennifer Wexton (D-Va.) questions Fed chair Jerome Powell about the gold standard and if the U.S. should return to that to base the U.S. currency. A US movement to bring the gold standard back is gaining weight in the political discourse.

MTG Focuses on Monetary Policy, Will Not Run for Senate

US Congresswoman Marjorie Taylor Greene is clearly prioritizing her stance on monetary policy. Fed nominee Rep. Marjorie Taylor Greene (R-GA) settled weeks of speculation on Friday by announcing she will not run for Senate. The far-right congresswoman, known for a long history of controversial statements, is focusing on challenging the current system.

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