Statewide Iowa (RI) — Republican Jim Carlin, a candidate for U.S. Senate, says there need to be major changes in U.S. monetary policy.
From 1879 to 1933, the U.S. had the gold standard, which fixed the supply of currency to the amount of gold held by the federal government. Critics say the gold standard prevents governments and central banks from lowering interest rates when there’s an economic crisis. Supporters like Carlin say it will stabilize the value of U.S. currency and promote savings.
Carlin made his comments during a campaign stop in Estherville. He’s running against Congresswoman Ashley Hinson in the Republican Party’s Primary for U.S. Senate.
KIWA Staff Photo
