Page 2 - Dollar Stability News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Shrink the balance sheet, stabilize the dollar, get capital flowing, and speak out about fiscal profligacy.

Would also be part of that basket. i think if we make the basket broad enough, i think that affects some of concerns about shocks to the system. but compare that to the status quo, paul, and we're not comparing against some sort of perfect standard, we're comparing it to a standard where the dollar's been volatile which has costs of its own. i think we can attenuate that concern. i'll also a make the observation that when the united states was on the gold standard, we grew at over 4 plus percent gdp growth. even after we went off went you had a fed that was focused on dollar stability, we stil...

Principle that the benefits of dollar stability vastly outweigh those fringe risks. paul: what about your response to those who say, you know what? you're just meddling with the independence of the federal reserve. they're supposed on the independent of politics, independent of the political branches. >> well, briefly what i would say is politics isn't the only thing that can capture an institution. managerial bureaucracy can too, a bunch of rogue bureaucrats in the late '90s kid the same thing. what i'm talking about is leadership, principle for the american people, not the kind of corruption...

My main message to americans is stop playing financial god, stabilize the dollar, good things will happen with the economy. paul: you know the fed has by statute a dual mandate, unemployment and stable prizes. are you saying that the congress should repeal the unemployment mandate? >> i would favor legislative reform. but in the meantime, it's had that dual mandate even as long as you have had fed governors and even chairmen in the past who have still understood the importance of dollar stability as an objective. i mean, take paul volcker. he wail, you know, was somebody who focused on stabili...

Currency is its apolitical nature. which joe biden is now cutting after both parties in washington destroyed the dollar stability with inflation, now the joe biden has wilting the dollar as a weapon together these two factors send a message to foreigners which as they should get out will they still can. in response to russia's fourth ukraine the u.s. froze the dollar reserves of russia's central banks. to be clear, these were not american assets. these were dollars owned by the russian central bank and the russian people. the seizure was intended to have bank runs and crush their bank system. ...