Another Financial Meltdown on the Horizon
Is there another financial meltdown on the horizon? Dr. Judy Shelton who co-directs the Atlas Sound Money Project surely believes so. In her latest article in The Hill Dr. Shelton warns about the “alarming disconnect between the performance of global equity markets, which are booming, and an underlying world economy that is merely limping along”. She blames this on government officials who have pumped up the numbers through monetary and fiscal stimulus.
There are many economic arguments and an increasing danger of a bigger crisis. But if economic arguments are not enough Dr. Shelton is pressing for the moral case for sound money challenging American policymakers to deal with this latest global challenge. She concludes that “it is our dollar that dominates financial markets worldwide, after all, and our central bank that effectively sets global monetary policy. Whether our vision for a world based on free markets and free people can survive yet another crushing economic blow remains to be seen.”
Read the full article here.
AIER Staff
Founded in 1933, The American Institute for Economic Research (AIER) educates people on the value of personal freedom, free enterprise, property rights, limited government, and sound money. AIER’s ongoing scientific research demonstrates the importance of these principles in advancing peace, prosperity, and human progress.
