As it is now being considered, the [Republican] platform stops short of recommending a return to the gold standard, but does advocate a commission to consider the possibility.
The gold doomsayers have found their champion in the media's favorite financial adviser and one of the world's richest men.
Since the US economy has failed to recover as widely predicted, pressure on the Federal Reserve to conjure a solution has increased.
This week's wild actions on Wall Street should serve as a stark reminder that few investors have any clue as to what is really going on beneath the surface of America's troubled economy.
In a speech to Wall Street today, President Obama talked of a "failure of responsibility" in Washington and on Wall Street. But the financial sector is the most regulated part of the economy, so surely responsibility lies mostly with Washington.
In recent months, GDP numbers have rebounded - primarily as a result of record low interest rates reliquifying the credit market and government stimulus jolting consumer spending.
Many are mistaking this euro weakness for dollar strength. A quick glance at the price of gold - which has made new highs in both currencies - quickly disproves this myth.
In a commentary two weeks ago, I rebutted dangerously silly arguments put forward by New York Times columnist Paul Krugman about how the United States should pressure China to drop its support for the U.S. dollar.
