Ep.116 Real Conversations: Judy Shelton, Senior Fellow, Independent Institute

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Sep 12, 2024

Judy Shelton, a renowned monetary economist and Senior Fellow at the Independent Institute, discusses her thought-provoking ideas on monetary policy and inflation. She advocates for a return to a gold-backed dollar, arguing current policies disproportionately benefit the elite. Shelton shares insights from her book, highlighting the need for a fair monetary system to ensure economic stability. She critiques the Federal Reserve’s strategies and emphasizes the importance of transparency and accountability in restoring public trust in economic governance.

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INSIGHT

Trustworthy Money

Judy Shelton criticizes central bank policies that debase currency.
She advocates for sound money and a dollar as trustworthy as gold.

ADVICE

Understanding Inflation

Understand inflation's cumulative impact on purchasing power.
Challenge the idea of capital gains taxes on inflation-caused nominal gains.

INSIGHT

Unproductive Monetary Policy

The Fed's current monetary policy is unproductive, like paying farmers not to grow crops.
It corrals excess liquidity, raising borrowing costs for the real economy.

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Join Hedgeye CEO Keith McCullough on Thursday, September 12, at 11:00am ET as he welcomes renowned monetary economist Judy Shelton for a must-see webcast that delves into monetary policy, inflation, gold, the US Dollar and other pressing economic issues of our times.

From the echoes of financial crises to the recent spikes in pandemic prices and the persistent cycles of inflation, the economic landscape remains tumultuous. Yet, amid the murky discourse of economics dominated by questionable pundits and politicians, Judy Shelton stands out with clear, courageous insights that provide real and actionable solutions.

A Senior Fellow at the Independent Institute and former Chairman of the National Endowment for Democracy, Shelton brings to the table a profound understanding of monetary policies and their far-reaching implications. Her latest book Good as Gold: How to Unleash the Power of Sound Money offers more than just analysis; it provides a blueprint for a prosperous economic future. Shelton challenges the status quo, particularly criticizing the inflationary policies that disproportionately benefit the elite while disadvantaging the middle and lower classes. Her bold stance is that this can—and must—change.

In our upcoming webcast, Shelton will discuss her vision for the US Dollar—a vision that sees it perform "as good as gold... or even better." She argues for a new international monetary order, advocating for a use of gold that transcends traditional and historical constraints, offering a step-by-step guide on how gold can act as a universal measure of value, enhancing financial stability and fostering global economic growth.

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