If there is anyone to write credibly about money, it is Steve Forbes. He has had plenty. As you remember, he twice entered, then exited early from presidential party nomination campaigns, bankrolling his efforts with his family fortune.
In his newest book, co-authored with Elizabeth Ames, Forbes argues for a reliable gold standard in order to bring stability to the unreliable and uncertain value of the U.S. dollar. There is no more important currency in the world. The responsibility for the problem and the solution is squarely on the back of the Federal Reserve Board.
You know about Forbes. But, who is Elizabeth Ames? Elizabeth Ames is a communications executive, speaker and author. She has written two previous books with Steve Forbes, How Capitalism Will Save Us and Freedom Manifesto. She is not a huge fan of President Obama’s policies. Click here for an article she published in The Daily Caller.
The question becomes whether this book will propel Forbes again into the American spotlight. Will he, for example, be a guest on Sunday morning television news talk shows to discuss this book? Will elected officials introduce and debate these principles in blogs and sound bytes? Will congressional committees make any recommendations such as we see here? Will anyone in the Federal Reserve Board have any response? If not, this book will have no influence. It is just another hard cover book that will be on the bargain table at $7.99 next year. Only time will tell.
If you would like to read the review of this book, published in the Wall Street Journal on July 24, 2014, by George Melloan, a WSJ deputy editor and author of The Great Money Binge: Spending our Way to Socialism, click here.