Thoughtful Money with Adam Taggart Judy Shelton: It's "Day 1" Of The Reckoning As US' Unsustainable Fiscal Path Runs Out
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Mar 9, 2025 
Judy Shelton, an economist and senior fellow at the Independent Institute, dives deep into America's fiscal challenges and the urgent need for reform. She shares insights from her time as an economic advisor to Trump, critiques current monetary policies, and discusses the alarming trajectory of government spending. Shelton highlights how Federal Reserve policies perpetuate wealth inequality and explores the potential benefits of a return to a gold standard. The conversation offers a provocative look at how history can inform sustainable economic practices.
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US Fiscal Condition
- The US is at a financial pivot point, resembling the Soviet Union's pre-bankruptcy state.
- High interest rates exacerbate the issue, with interest payments exceeding defense spending.
Judy Shelton's Role
- Judy Shelton served as an economic advisor to President Trump during his first term, focusing on international affairs in London.
- Her role involved advising on policies related to currency, tariffs, taxes, and deregulation.
Federal Reserve Performance
- Judy Shelton gives the Federal Reserve a D grade for its current monetary policy.
- The Fed uses a flawed model, overlooks fiscal overspending, and punishes the private sector.
