Judy SheltonAtlas Fellow, Sound Money Project
Judy Shelton is an economist with expertise in global finance and monetary issues. She is co-Director of the Sound Money Project at the Atlas Economic Research Foundation. Author of Fixing the Dollar Now: Why US Money Lost Its Integrity and How We Can Restore It (2011), The Coming Soviet Crash (1989), Money Meltdown (1994) and “A Guide to Sound Money” (2010), her international economics articles have been published by The Wall Street Journal, New York Times, Washington Post, Financial Times, Nihon Keizai Shimbun and El Economista. She has given expert testimony before the Joint Economic Committee, Senate Banking, Senate Foreign Relations, House Banking, and House Foreign Affairs committees. She is a former senior research fellow at the Hoover Institution (Stanford University) and was professor of international finance at DUXX Graduate School of Business in Monterrey, Mexico. She was a staff economist for the National Commission on Economic Growth and Tax Reform chaired by Jack Kemp (1995-96) and has served on the boards of Hilton Hotels and Atlantic Coast Airlines. In January 2010 she was named Vice Chairman of the Board of Directors of the National Endowment for Democracy; she is the Board’s regional expert on Russia, Ukraine and Belarus and also serves on the Budget and Audit Committee. Dr. Shelton holds a Ph.D. in business administration from the University of Utah.
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[...] Judy Shelton, Co-Director of the Sound Money Project at the Atlas Economic Research Foundation [...]
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What a goddess. I see her wielding the sword and scales of Justice, not criminal, but economic. Someone of such clear thought and dedication to purpose, and so beautiful. I’m love sick.
[...] the joint support of the Atlas Economic Research Foundation and FreedomWorks Foundation. Its author, Judy Shelton, is a prominent economist who predicted the downfall of the Soviet empire, authored Money Meltdown, [...]
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I enjoyed your most excellent guide to Sound Money.
Clearly the U.S. dollar fails as an Honest Money. “If the value of money is not consistent through time, if the unit of account slowly deteriorates over the life of the contract, an honest deal is turned into a scam. If money does not provide a store of value by maintaining it’s purchasing power- it fails the test as a sound money”.
Truer words have never been penned. If only Americans would wake up to the truth you outlined we could then return to a path of honest money and as such honest government.
One need not look beyond the CPI for any period after 1971 to examine how miserably the U.S. Dollar has stolen from our fellow citizens.
I applaud your efforts.
Craig Smith
Chairman
SwissAmerica
SovietBanking – small pet peeve of mine.
SS taxes and SS benefits flow directly through a separate fund as established by the original law, which also has an investment clause that dictates that balances will be invested in Treasury issues.
If you look over the reports at SS you can see that it actually works that way. (Ask questions of the Actuary of Social Security. They know the whole system and will respond.)
When push comes to shove someday, there will be never ever be a change in that system. SO the 34.9% number you recite is closer to 40%. You get this by removing SS taxes from receipts and SS benefits from spending because in reality the SS system is a segregated system.
Lee
PS. I liked your article too.
I fear we have passed the point of no return in monetary and fiscal policy so the only mystery is the denoument.
Lee
Your article titled “The Soviet Banking System – and Ours” would have been helped if it directed the thought to the need for a more reliable and reliable free enterprise economy. Discussing solutions of more central involvement in the lending decisions of banks seems quite contrary to what is needed.
Re: Your WSJ oped today (7/25/12)
Judy, your explication today of the relationship between the Fed and the primary dealers and its dilatory effect on free markets is among the best treatises on monetary policy from a free-market perspective that I’ve ever read in a major daily periodical. Tremendous work. Keep it up — it gives sanity a line of defense against the blathering of folks like Alan Blinder and his grab-bag approach to socially engineering economic outcomes.
Best,
Tim Quast
Denver CO
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