Political Quotes

“The United States is facing an inflation and debt crisis not seen in over 40 years. West Virginians have seen the value of their savings erode before their very eyes because of reckless tax-and-spend policies. We know who is responsible for the current inflation crisis, but what in our country's history has allowed us to get to this point? The answer can actually be traced back to 1971, when President Nixon took the United States off the gold standard. The gold standard means tying the dollar directly to the value of gold. Under the gold standard, any American would be able to trade their dollars for a fixed amount of gold. By linking the dollar to the value of gold, the money supply could only be increased if the supply of gold increases. This connects and protects the purchasing power of your dollars. That is why I introduced legislation to return the United States to the gold standard. Had we been on the gold standard or some other fixed standard, we would not be in the inflation crisis we are in today. I look forward to working with the Republican majority to make sure this issue gets attention. ____________________”