Can Dollar Once Again Be Anchored By Gold? One Congressman Believes It Can – OpEd

By Thorsten Polleit*

On October 7, 2022, US congressman Alex Mooney (a Republican from West Virginia) introduced a bill (the Gold Standard Restoration Act, H.R. 9157) that stipulates that the US dollar must be backed by physical gold owned by the US Treasury. The initiative clearly indicates that the increasingly inflationary...