On the recordJuly 24, 2020
I am pleased to announce the formation of the Sound Money Caucus. Together, we will study and highlight the impact of monetary and fiscal policy on the United States dollar as a store of value and a means of exchange. As you can see, the supply of dollars has gone up dramatically, really since the gold standard ended in 1971. It is a gradual slope. But if you see since the recession, it has been aggressive. And then, obviously, here, this year, it has been nearly vertical. The value of the dollar is critical. That is the store of value for all Americans. I am pleased to be joined by Co-Chairman Andy Barr, and Members like Brady, Budd, and Zeldin. We look forward to working with everyone to highlight the importance of sound money. ____________________
