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Lewis E. Lehrman on CNBC's Kudlow Report

CNBC's Kudlow Report, aired April 27, 2011

Excerpt:
Lawrence Kudlow: “You have written so brilliantly about the need to re-link the dollar to gold—in fact to make the dollar convertible into gold. Mr. Bernanke doesn’t get that.”

Mr. Lehrman: “He does not get that. He avoids or he doesn’t understand the very subtle mechanisms by which Federal Reserve credit policy does ignite the price level abroad by raising the value of foreign currency.”

 

 

 

Kathleen M. Packard, Publisher
Ralph J. Benko, Editor

In Memoriam
Professor Jacques Rueff
(1896-1978)

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