The Julia La Roche Show #237 Dr. Judy Shelton: We're at a Monetary Crossroads, It's Time to Audit the Fed, and Demand Sound Money
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Feb 28, 2025 
Dr. Judy Shelton, a senior fellow at the Independent Institute and author of "Good as Gold," discusses the urgent need for U.S. monetary reform. She critiques the Federal Reserve's practices, including paying banks not to lend and the troubling implications of a 2% inflation target that undermines savings. Shelton advocates for auditing the Fed and restoring accountability. She also explores the historical context of the gold standard and proposes gold-linked bonds as a pathway to sound money, emphasizing its importance for economic liberty.
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Monetary Crossroads
- The US has a crucial opportunity to lead monetary reform, impacting not just domestically but globally.
- This reform is essential to address trade imbalances, central bank authority, and fiscal responsibility.
Fed Critique
- The Federal Reserve's increased power, especially its interest rate control mechanism, needs reform.
- Paying banks not to lend distorts markets and requires an audit of the Fed's operations.
International Monetary Impacts
- The Fed's interest rate policy affects international trade by impacting currency values.
- Foreign banks seeking higher returns at the Fed create an uneven playing field for US producers.
