Ralph Benko

Fox News Channel host Greta Van Susteren rightly calls Steve Forbes and Elizabeth Ames’s new book, Money, “A gripping read….”

Steve Forbes, chairman and editor-in-chief of Forbes Media, and Elizabeth Ames have written their best book yet. It is entitled Money: How the Destruction of the Dollar Threatens the Global Economy—and What We Can Do About It. Money is, by far, the most important book on economic policy published this year. (Full disclosure, Forbes and Ames reference and acknowledge this writer’s work, including his collaboration with Forbes.com contributor Charles Kadlec, in this work.)

The authors succeed in making money — as in monetary policy itself — fascinating and accessible. It has drawn glowing praise from many important thought leaders, including virtuoso retired banking titan (now Cato CATO -1.9% Institute president John Allison; Fox News Channel host Greta Van Susteren; Whole Foods co-founder and co-CEO John Mackey; former CNBC contributor Lawrence Kudlow; public intellectual Dr. Ben Carson; and Atlas Economic Research Foundation’s Dr. Judy Shelton, among others.

Significantly, one of the prime architects of the prosperity-inducing Reaganomics, Dr. Arther B. Laffer, has this to say about Forbes and Ames’s book: “A compelling and well-informed argument for a 21st century gold standard and a sound dollar, which will be the foundation for a new era of global prosperity.” It is very good to have the brilliant Laffer again speaking up for gold.

Laffer did seminal work, with Kadlec, on the gold standard in 1981. The record is contained in the Laffer Center’s archives: “Restoration of dollar/gold convertibility is the final and necessary link in the President’s program for an American Renaissance.”

Steve Forbes was featured prominently at an October 2011 Heritage Foundation Conference on a Stable Dollar: Why We Need It and How to Achieve it, also featuring Lewis E. Lehrman, the undisputed leading advocate of the classical gold standard (with whose Lehrman Institute’s web publication this writer has a professional association). Lehrman appropriately is given pride of place in Money’s acknowledgements.


Ralph Benko

Ralph Benko, author of The Websters’ Dictionary: How to use the Web to transform the world. He serves as an advisor to and editor of the Lehrman Institute's thegoldstandardnow.org and senior advisor to the American Principles Project.