Steve Forbes Explains a Benefit to Returning to the Gold Standard You Probably Haven’t Thought About

Remember when the dollar was referred to as being as “good as gold?” 

Appearing with Neil Cavuto on FOX News’ “Your World,” Steve Forbes says that it’s time for the U.S. to restore a dollar that is literally as good as gold.

Fresh from writing his new book called Money: How the Destruction of the Dollar Threatens the Global Economy – and What We Can Do About It,  Forbes, a two-time presidential candidate and the head of Forbes Magazine, discussed with Cavuto the benefits of returning to the gold standard. 

“You say we need to get back to pegging our currency to gold. Why?” asked Cavuto.

“Because currency-to-work is like having sixty minutes in an hour, 12 inches in a foot–it should be fixed value so when you make an exchange, you do a trade, you buy and sell, you know what each of you are getting,” Forbes answered, explaining the devastating disrupting consequences of a constantly declining in value, inflationary fiat monetary system.

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