To The Gold Standard, Says Steve Forbes

Want To Fix The Economy? Cut Taxes And Go Back To The Gold Standard, Says Steve Forbes

By Henry Blodget | Daily Ticker

Former presidential candidate Steve Forbes says that the way to get out of our economic mess is to enact "pro-growth" policies such as lower corporate taxes and a radically simplified tax code.

The CEO and editor of Forbes Magazine, Steve Forbes also wants to throw out our byzantine tax system of brackets and deductions and replace it with a simple flat tax.

Forbes also thinks the US should immediately go back on the gold standard, before more damage is done to our currency.

The ability to print money, Forbes says, encourages the government to spend money, even when it has to create this money out of thin air. Returning to the gold standard, therefore, would rein in government spending.

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To The Gold Standard, Says Steve Forbes