Judy Shelton: The Gold Elephant in the Room

In this episode of the Gold Exchange podcast, esteemed monetary economist Judy Shelton joins hosts Ben Nadelstein and Keith Weiner to discuss her latest book, "Good as Gold: How to Unleash the Power of Sound Money."Shelton delves into the challenges of fiscal unsustainability in the U.S. and proposes the issuance of 50-year U.S. Treasury "Treasury Trust Bonds" backed by gold to foster sound finances.The discussion covers the impact of Federal Reserve policies on wealth distribution and inflation, the need for intellectual diversity within the Fed, and the parallels between U.S. monetary policy and Soviet-style central planning.Additional ResourcesEarn Interest on Gold and SilverFollow Judy SheltonGood as Gold BookHow to Earn Passive Income in Gold and SilverWorld’s first gold bondPodcast Chapters00:00 – “We are in a crisis”02:10 – Introduction to Judy Shelton and Her Work02:32 – Discussion on Monetary Favoritism and Wealth Inequality03:36 – Keith Weiner’s Experience with the Federal Reserve05:57 – False Alternatives in Monetary Policy09:12 – Monetary Metals and the Productive Use of Gold10:24 – Discussion on Stable Prices and Inflation Targets12:02 – Psychological Aspects of Monetary Policy16:05 – Intellectual Diversity at the Fed20:31 – The Federal Reserve’s Singular Tool24:01 – Lessons from Soviet Central Planning26:39 – Solutions to Current Monetary Issues27:20 – The Misconception of Gold Standards29:59 – New Gold-Backed Bonds32:46 – Potential Innovations in Sound Money34:25 – Alan Greenspan’s Influence and Acceptance38:55 – Proposals and Investor Demand43:33 – The Overton Window and Discussion of Gold46:58 – Winston Churchill on American Policy49:29 – Closing Remarks50:38 – Monetary Metals