Ted Cruz made a very sound and impressive comment on money in last night's Republican presidential debate. It's the best comment on money from a presidential candidate since Ron Paul ran in 2012:
You know, it's interesting, you look at on Wall Street, the Fed is doing great. It's driving up stock prices. Wall Street is doing great.
You know, today, the top 1 percent earn a higher share of our income than any year since 1928. But if you look at working men and women. If you look at a single mom buying groceries, she sees hamburger prices have gone up nearly 40 percent.
She sees her cost of electricity going up. She sees her health insurance going up. And loose money is one of the major problems. We need sound money. And I think the Fed should get out of the business of trying to juice our economy and simply be focused on sound money and monetary stability, ideally tied to gold.-RW