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Key Vote

Key Vote YES on the Nomination of Judy Shelton to the Federal Reserve Board of Governors

On behalf of FreedomWorks’ activist community, I urge you to contact your senators and ask them to vote YES on the nomination of Judy Shelton to join the Board of Governors of the Federal Reserve.

11/16/2020
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Issue Analysis

Issue Brief: The Genius of Stable Money

"...the ultimate issue that any smart politician would choose to lead and speak on is ensuring that these dollars hold their value over time. Reestablishing policies that will stabilize our currency and promote prosperity in every corner of America is the surefire way to achieve such an end. This is called 'sound money.'"

09/15/2020
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Blog

Sound Money Caucus Looks to Bring Needed Attention to Monetary Policy

As we attempt to recover from the economic devastation wrought by the pandemic and the government’s authoritarian response to it, restoring a sound monetary policy may not be near the top of lawmakers’ priorities -- but it should be. With record rates of deficit spending and a record-shattering Federal Reserve balance sheet, it should be no surprise that the dollar’s value is at an all time low when compared to the value of gold. None of this is setting the stage for a rapid recovery, or for robust growth thereafter.

08/05/2020
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Blog

FreedomWorks’ Bill of the Month for June 2020: Sound Money Legislation, H.R. 2558

FreedomWorks is proud to announce that our bill of the month for June 2020 is H.R. 2558, which would define the dollar as a fixed weight of gold, introduced by Rep. Alex Mooney (R-W.Va.). This bill would require the Department of the Treasury to define the value of the dollar in terms of a fixed weight of gold based on the market price.

07/08/2020
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Press Release

FreedomWorks Statement of Support for Judy Shelton for the Federal Reserve Board of Governors

WASHINGTON, D.C. -- FreedomWorks today announces its support for Judy Shelton for the Federal Reserve Board of Governors. John Tamny, FreedomWorks Director of the Center for Economic Freedom (CEF), commented:

07/08/2019
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Op-ed Placement

Your Move, Gold Critics: Please Explain What Money Is

BY John Tamny

Owners of Bitcoin have endured a wild ride in recent years. While the coin could fetch $900 when 2017 began, one year later its value briefly moved above $20,000. At present, one Bitcoin exchanges for roughly $5,000.

04/09/2019
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Blog

Profiles in Liberty: Dr. Ron Paul

On January 12, the Federal Reserve Transparency Act (S. 2232) is scheduled for a vote in the Senate. Authorizing review by the Governmental Accountability Office of our nation’s monetary policy, the bill was introduced by Sen. Rand Paul (R-Ky.). But the bill’s final vote is arguably due to the legacy of the Senator’s father, former Rep. Ron Paul (R-Tex.), who championed the causes of sound money and central bank transparency over his 12-term career in Congress. Dr. Paul is the subject of this week’s Profiles in Liberty.

01/08/2016
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Blog

The Fed is Not our Only Option

For those who follow the arcane world of monetary policy, the U.S. Federal Reserve remains a shadowy institution with immense power, yet shockingly little oversight. Despite its 100 year history, the Fed has never been fully audited, and although a bill to do that very thing is languishing in the Senate right now, Harry Reid shows little inclination to bring it to a vote.

10/24/2014
Monetary Policy Failure: Forty Years of Fiat Currency
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Blog

Monetary Policy Failure: Forty Years of Fiat Currency

On this day 40 years ago, former President Richard Nixon suspended the convertibility of the U.S. dollar into gold. The decision, which radically changed the global monetary system, still holds enormous ramifications for every single American today. The money in our pockets would be worth more if Nixon hadn’t cut the link between U.S. dollars and gold.

08/15/2011
Montana's Sound Money Bill
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Blog

Montana's Sound Money Bill

Montana's representatives have passed a sound money bill through the state's House.  The bill would allow gold currency to compete with Federal Reserve Notes in the state.  The bill reads, "the state may not require but shall allow a person to recognize, receive, pay out, deliver, promise to pay, or otherwise use or employ gold and silver coin or electronic gold currency as media of exchange."

03/23/2009