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Steve Forbes is Chairman and Editor-in-Chief of Forbes Media and the host of podcast What’s Ahead, where he talks to newsmakers, politicians, and pioneers in business and economics. He is the author of Reviving America: How Repealing Obamacare, Replacing the Tax Code and Reforming The Fed will Restore Hope and Prosperity and Money: How the Destruction of the Dollar Threatens the Global Economy – and What We Can Do About It and writes editorials for each issue of Forbes called “Fact and Comment.” He twice ran for president promoting policies such as the flat tax, school choice, and term limits.
Several years ago, I interviewed my friend Steve Forbes about his book Money: How the Destruction of the Dollar Threatens the Global Economy – and What We Can Do About It. In that interview he anticipated many of the problems that we see cropping up right now, so we’re pulling this interview out of the vault and publishing it for you here. We will also follow up shortly with a brand new interview with Steve to bring this discussion up to date and let him share what he’s seeing right now. Timestamps:0:00 – Intro1:09 – Money: How the Destruction of the Dollar Threatens the Global Economy – and What We Can Do About It4:15 – America after the 2008 Recession7:30 – Can the US switch back to a gold standard?13:22 – Asian currency crises were avoidable with better knowledge20:44 – Different kinds of gold standard and the problem with the ones that didn’t work well26:19 – Will we need a currency crisis to create the will to fix money?28:15 – Nixon and Burns, why they ended gold standard, but didn’t need to31:58 – WWI and the gold standard36:09 – Gold price changes mean the dollar, not gold, instability40:53 – Why the British gold standard didn’t work Churchill was overruled.44:48 – How going off gold promoted income inequality.See omnystudio.com/listener for privacy information.
See omnystudio.com/listener for privacy information.
Money How The Destruction Of The Dollar Threatens The World Economy And What We Can Do About It by Prab Randhawa
Arnold Schwarzenegger Austrian-American actor, model, producer, director, activist, businessman, investor, writer, philanthropist, former professional bodybuilder and politician. Schwarzenegger served two terms as the 38th Governor of California Bill Bartmann Founder and CEO of CFS2 and an aggressive advocate for reform of the debt-collection industry. His commitment to be a part of our company is proof of his belief that what we are doing is important and that we have the ability to change millions of lives.” Steve Forbes Chairman and Editor-in-Chief of Forbes Media. Under Mr. Forbes' leadership, the company has launched a variety of new publications and businesses. They include: ForbesLife, the dedicated luxury lifestyle and culture magazine; Forbes Europe, Forbes Asia; and Forbes licensee editions. Mr. Forbes' new book: Money: How the Destruction of the Dollar Threatens the Global Economy - and What We Can Do About It, received the coveted Leonard E. Read Book Award For more information go to MoneyForLunch.com. Connect with Bert Martinez on Facebook. Connect with Bert Martinez on Twitter. Need help with your business? Contact Bert Martinez. Have Bert Martinez speak at your event!
Arnold Schwarzenegger Austrian-American actor, model, producer, director, activist, businessman, investor, writer, philanthropist, former professional bodybuilder and politician. Schwarzenegger served two terms as the 38th Governor of California Bill Bartmann Founder and CEO of CFS2 and an aggressive advocate for reform of the debt-collection industry. His commitment to be a part of our company is proof of his belief that what we are doing is important and that we have the ability to change millions of lives.” Steve Forbes Chairman and Editor-in-Chief of Forbes Media. Under Mr. Forbes' leadership, the company has launched a variety of new publications and businesses. They include: ForbesLife, the dedicated luxury lifestyle and culture magazine; Forbes Europe, Forbes Asia; and Forbes licensee editions. Mr. Forbes' new book: Money: How the Destruction of the Dollar Threatens the Global Economy - and What We Can Do About It, received the coveted Leonard E. Read Book Award For more information go to MoneyForLunch.com. Connect with Bert Martinez on Facebook. Connect with Bert Martinez on Twitter. Need help with your business? Contact Bert Martinez. Have Bert Martinez speak at your event!
Arnold Schwarzenegger Austrian-American actor, model, producer, director, activist, businessman, investor, writer, philanthropist, former professional bodybuilder and politician. Schwarzenegger served two terms as the 38th Governor of California Bill Bartmann Founder and CEO of CFS2 and an aggressive advocate for reform of the debt-collection industry. His commitment to be a part of our company is proof of his belief that what we are doing is important and that we have the ability to change millions of lives.” Steve Forbes Chairman and Editor-in-Chief of Forbes Media. Under Mr. Forbes' leadership, the company has launched a variety of new publications and businesses. They include: ForbesLife, the dedicated luxury lifestyle and culture magazine; Forbes Europe, Forbes Asia; and Forbes licensee editions. Mr. Forbes' new book: Money: How the Destruction of the Dollar Threatens the Global Economy - and What We Can Do About It, received the coveted Leonard E. Read Book Award For more information go to MoneyForLunch.com. Connect with Bert Martinez on Facebook. Connect with Bert Martinez on Twitter. Need help with your business? Contact Bert Martinez. Have Bert Martinez speak at your event!
Arnold Schwarzenegger Austrian-American actor, model, producer, director, activist, businessman, investor, writer, philanthropist, former professional bodybuilder and politician. Schwarzenegger served two terms as the 38th Governor of California Bill Bartmann Founder and CEO of CFS2 and an aggressive advocate for reform of the debt-collection industry. His commitment to be a part of our company is proof of his belief that what we are doing is important and that we have the ability to change millions of lives.” Steve Forbes Chairman and Editor-in-Chief of Forbes Media. Under Mr. Forbes' leadership, the company has launched a variety of new publications and businesses. They include: ForbesLife, the dedicated luxury lifestyle and culture magazine; Forbes Europe, Forbes Asia; and Forbes licensee editions. Mr. Forbes' new book: Money: How the Destruction of the Dollar Threatens the Global Economy - and What We Can Do About It, received the coveted Leonard E. Read Book Award For more information go to MoneyForLunch.com. Connect with Bert Martinez on Facebook. Connect with Bert Martinez on Twitter. Need help with your business? Contact Bert Martinez. Have Bert Martinez speak at your event!
Arnold Schwarzenegger Austrian-American actor, model, producer, director, activist, businessman, investor, writer, philanthropist, former professional bodybuilder and politician. Schwarzenegger served two terms as the 38th Governor of California Bill Bartmann Founder and CEO of CFS2 and an aggressive advocate for reform of the debt-collection industry. His commitment to be a part of our company is proof of his belief that what we are doing is important and that we have the ability to change millions of lives.” Steve Forbes Chairman and Editor-in-Chief of Forbes Media. Under Mr. Forbes' leadership, the company has launched a variety of new publications and businesses. They include: ForbesLife, the dedicated luxury lifestyle and culture magazine; Forbes Europe, Forbes Asia; and Forbes licensee editions. Mr. Forbes' new book: Money: How the Destruction of the Dollar Threatens the Global Economy - and What We Can Do About It, received the coveted Leonard E. Read Book Award For more information go to MoneyForLunch.com. Connect with Bert Martinez on Facebook. Connect with Bert Martinez on Twitter. Need help with your business? Contact Bert Martinez. Have Bert Martinez speak at your event!
Arnold Schwarzenegger Austrian-American actor, model, producer, director, activist, businessman, investor, writer, philanthropist, former professional bodybuilder and politician. Schwarzenegger served two terms as the 38th Governor of California Bill Bartmann Founder and CEO of CFS2 and an aggressive advocate for reform of the debt-collection industry. His commitment to be a part of our company is proof of his belief that what we are doing is important and that we have the ability to change millions of lives.” Steve Forbes Chairman and Editor-in-Chief of Forbes Media. Under Mr. Forbes' leadership, the company has launched a variety of new publications and businesses. They include: ForbesLife, the dedicated luxury lifestyle and culture magazine; Forbes Europe, Forbes Asia; and Forbes licensee editions. Mr. Forbes' new book: Money: How the Destruction of the Dollar Threatens the Global Economy - and What We Can Do About It, received the coveted Leonard E. Read Book Award For more information go to MoneyForLunch.com. Connect with Bert Martinez on Facebook. Connect with Bert Martinez on Twitter. Need help with your business? Contact Bert Martinez. Have Bert Martinez speak at your event!
Arnold Schwarzenegger Austrian-American actor, model, producer, director, activist, businessman, investor, writer, philanthropist, former professional bodybuilder and politician. Schwarzenegger served two terms as the 38th Governor of California Bill Bartmann Founder and CEO of CFS2 and an aggressive advocate for reform of the debt-collection industry. His commitment to be a part of our company is proof of his belief that what we are doing is important and that we have the ability to change millions of lives.” Steve Forbes Chairman and Editor-in-Chief of Forbes Media. Under Mr. Forbes' leadership, the company has launched a variety of new publications and businesses. They include: ForbesLife, the dedicated luxury lifestyle and culture magazine; Forbes Europe, Forbes Asia; and Forbes licensee editions. Mr. Forbes' new book: Money: How the Destruction of the Dollar Threatens the Global Economy - and What We Can Do About It, received the coveted Leonard E. Read Book Award For more information go to MoneyForLunch.com. Connect with Bert Martinez on Facebook. Connect with Bert Martinez on Twitter. Need help with your business? Contact Bert Martinez. Have Bert Martinez speak at your event!
Today on The Larry Kudlow Show, Larry talks with Steve Forbes, author of "Money: How the Destruction of the Dollar Threatens the Global Economy" joins Larry. Kellyanne Conway, founder and president of The Polling Company, and Ed Klein, author of "Blood Feud: The Clintons vs. The Obamas" join the show. More great guests include Bob Doll, Chief Equity Strategist and Senior Portfolio Manager at Nuveen Asset Management and Andrew Busch, host of Voice America's "Engage with Andy Busch." As always, the great money/politics panel with Bill Whalen, Steve Moore, and John McIntyre. All this and much more on The Larry Kudlow Show!
Today on The Larry Kudlow Show, Larry talks with Steve Forbes, author of "Money: How the Destruction of the Dollar Threatens the Global Economy" joins Larry. Kellyanne Conway, founder and president of The Polling Company, and Ed Klein, author of "Blood Feud: The Clintons vs. The Obamas" join the show. More great guests include Bob Doll, Chief Equity Strategist and Senior Portfolio Manager at Nuveen Asset Management and Andrew Busch, host of Voice America's "Engage with Andy Busch." As always, the great money/politics panel with Bill Whalen, Steve Moore, and John McIntyre. All this and much more on The Larry Kudlow Show!
Today on the Larry Kudlow Show, Larry talks with Senator Mike Lee (R-UT), author of E-BOOK: "Why John Roberts Was Wrong About Healthcare." Also on the show is Steve Forbes, author of NEW BOOK: "Money: How the Destruction of the Dollar Threatens the Global Economy." Jack Bouroudjian, author of "Secrets of the Trading Pros" and Mike Ozanian, Co-host "Sports Money" on the YES Network join Larry. Avik Roy, author of Forbes blog "The Apothecary." As always the great money/politics panel with Kellyanne Conway, Steve Moore, and Charles Cooke. All this and much more on The Larry Kudlow Show!
Today on the Larry Kudlow Show, Larry talks with Senator Mike Lee (R-UT), author of E-BOOK: "Why John Roberts Was Wrong About Healthcare." Also on the show is Steve Forbes, author of NEW BOOK: "Money: How the Destruction of the Dollar Threatens the Global Economy." Jack Bouroudjian, author of "Secrets of the Trading Pros" and Mike Ozanian, Co-host "Sports Money" on the YES Network join Larry. Avik Roy, author of Forbes blog "The Apothecary." As always the great money/politics panel with Kellyanne Conway, Steve Moore, and Charles Cooke. All this and much more on The Larry Kudlow Show!
Today on the Larry Kudlow Show, Larry talks with Senator Mike Lee (R-UT), author of E-BOOK: "Why John Roberts Was Wrong About Healthcare." Also on the show is Steve Forbes, author of NEW BOOK: "Money: How the Destruction of the Dollar Threatens the Global Economy." Jack Bouroudjian, author of "Secrets of the Trading Pros" and Mike Ozanian, Co-host "Sports Money" on the YES Network join Larry. Avik Roy, author of Forbes blog "The Apothecary." As always the great money/politics panel with Kellyanne Conway, Steve Moore, and Charles Cooke. All this and much more on The Larry Kudlow Show!
Today on The Larry Kudlow Show, Larry talks to Steve Forbes,author of new book: "Money: How the Destruction of the Dollar Threatens the Global Economy." Also on the show is Carly Fiorina. She is considering a 2016 presidential run. More great guests include Jim Iuorio, managing director TJM Institutional Services and Stephen Weiss, Author of: "Unhedged: A Killing in the Market." Also on the show is Ed Lazear, Sr. Fellow at Stanford University Hoover Institution. As always, the great Money/Politics Panel with James Pethokoukis, Steve Moore, and John McIntyre. All this and much more on The Larry Kudlow Show!
Today on The Larry Kudlow Show, Larry talks to Steve Forbes,author of new book: "Money: How the Destruction of the Dollar Threatens the Global Economy." Also on the show is Carly Fiorina. She is considering a 2016 presidential run. More great guests include Jim Iuorio, managing director TJM Institutional Services and Stephen Weiss, Author of: "Unhedged: A Killing in the Market." Also on the show is Ed Lazear, Sr. Fellow at Stanford University Hoover Institution. As always, the great Money/Politics Panel with James Pethokoukis, Steve Moore, and John McIntyre. All this and much more on The Larry Kudlow Show!
Today on The Larry Kudlow Show, Larry talks to Steve Forbes,author of new book: "Money: How the Destruction of the Dollar Threatens the Global Economy." Also on the show is Carly Fiorina. She is considering a 2016 presidential run. More great guests include Jim Iuorio, managing director TJM Institutional Services and Stephen Weiss, Author of: "Unhedged: A Killing in the Market." Also on the show is Ed Lazear, Sr. Fellow at Stanford University Hoover Institution. As always, the great Money/Politics Panel with James Pethokoukis, Steve Moore, and John McIntyre. All this and much more on The Larry Kudlow Show!
Today on the Larry Kudlow Show, Larry talks with Senator Rob Portman. Ed Lazear, Sr. Fellow, Stanford Univ. Hoover Institution, Former Chairman of the Council of Economic Advisors Under President George W. Bush also joins the show. Congressman Kevin Brady (R-TX) talks with Larry. More great guests include Art Hogan, Chief Market Strategist, Wunderlich Securities and Andrew Busch, editor of the Busch Update www.andrewbusch.com. Steve Forbes, author of NEW BOOK: "Money: How the Destruction of the Dollar Threatens the Global Economy" is on with Larry. As always, the money/politics panel with James Pethokoukis, Steve Moore, and John McIntyre. All this and much more on The Larry Kudlow Show!
Today on the Larry Kudlow Show, Larry talks with Senator Rob Portman. Ed Lazear, Sr. Fellow, Stanford Univ. Hoover Institution, Former Chairman of the Council of Economic Advisors Under President George W. Bush also joins the show. Congressman Kevin Brady (R-TX) talks with Larry. More great guests include Art Hogan, Chief Market Strategist, Wunderlich Securities and Andrew Busch, editor of the Busch Update www.andrewbusch.com. Steve Forbes, author of NEW BOOK: "Money: How the Destruction of the Dollar Threatens the Global Economy" is on with Larry. As always, the money/politics panel with James Pethokoukis, Steve Moore, and John McIntyre. All this and much more on The Larry Kudlow Show!
Today on the Larry Kudlow Show, Larry talks with Senator Rob Portman. Ed Lazear, Sr. Fellow, Stanford Univ. Hoover Institution, Former Chairman of the Council of Economic Advisors Under President George W. Bush also joins the show. Congressman Kevin Brady (R-TX) talks with Larry. More great guests include Art Hogan, Chief Market Strategist, Wunderlich Securities and Andrew Busch, editor of the Busch Update www.andrewbusch.com. Steve Forbes, author of NEW BOOK: "Money: How the Destruction of the Dollar Threatens the Global Economy" is on with Larry. As always, the money/politics panel with James Pethokoukis, Steve Moore, and John McIntyre. All this and much more on The Larry Kudlow Show!
Today on The Larry Kudlow Show, the theme is the DOLLAR!! Joining Larry will be: Senator Mike Lee (R-UT)and author of, "Why John Roberts Was Wrong About Healthcare"; Scott Hodge, President of the Tax Foundation, Author/columnist; Michael Rubin, Resident Scholar at AEI,former Pentagon Middle East research official and author of, "Dancing with the Devil:The Perils of Engaging Rogue Regimes"; Stephanie Link, CIO, Co-Portfolio Manager, Director of Research at TheStreet.com and CNBC contributor will be joined by Barry Ritholtz, founder & CIO of Ritholtz Wealth Mgmt. and author of, "Bailout Nation". Weblog: "The Big Picture"; Steve Forbes, Chairman & Editor in Chief, Forbes Media Former Republican Presidential Candidate has a new book out,"Money: How the Destruction of the Dollar Threatens the Global Economy". Joining Larry at the Money Table will be: James Pethokoukis, economics columnist @ AEI CNBC contributor; Bill Whalen, Research Fellow @ Hoover Institution and Steve Moore, Chief Economist @ Heritage Foundation and author of a new book, "An Inquiry into the Nature & Causes of the Wealth of States".
Today on The Larry Kudlow Show, the theme is the DOLLAR!! Joining Larry will be: Senator Mike Lee (R-UT)and author of, "Why John Roberts Was Wrong About Healthcare"; Scott Hodge, President of the Tax Foundation, Author/columnist; Michael Rubin, Resident Scholar at AEI,former Pentagon Middle East research official and author of, "Dancing with the Devil:The Perils of Engaging Rogue Regimes"; Stephanie Link, CIO, Co-Portfolio Manager, Director of Research at TheStreet.com and CNBC contributor will be joined by Barry Ritholtz, founder & CIO of Ritholtz Wealth Mgmt. and author of, "Bailout Nation". Weblog: "The Big Picture"; Steve Forbes, Chairman & Editor in Chief, Forbes Media Former Republican Presidential Candidate has a new book out,"Money: How the Destruction of the Dollar Threatens the Global Economy". Joining Larry at the Money Table will be: James Pethokoukis, economics columnist @ AEI CNBC contributor; Bill Whalen, Research Fellow @ Hoover Institution and Steve Moore, Chief Economist @ Heritage Foundation and author of a new book, "An Inquiry into the Nature & Causes of the Wealth of States".
Today on The Larry Kudlow Show, the theme is the DOLLAR!! Joining Larry will be: Senator Mike Lee (R-UT)and author of, "Why John Roberts Was Wrong About Healthcare"; Scott Hodge, President of the Tax Foundation, Author/columnist; Michael Rubin, Resident Scholar at AEI,former Pentagon Middle East research official and author of, "Dancing with the Devil:The Perils of Engaging Rogue Regimes"; Stephanie Link, CIO, Co-Portfolio Manager, Director of Research at TheStreet.com and CNBC contributor will be joined by Barry Ritholtz, founder & CIO of Ritholtz Wealth Mgmt. and author of, "Bailout Nation". Weblog: "The Big Picture"; Steve Forbes, Chairman & Editor in Chief, Forbes Media Former Republican Presidential Candidate has a new book out,"Money: How the Destruction of the Dollar Threatens the Global Economy". Joining Larry at the Money Table will be: James Pethokoukis, economics columnist @ AEI CNBC contributor; Bill Whalen, Research Fellow @ Hoover Institution and Steve Moore, Chief Economist @ Heritage Foundation and author of a new book, "An Inquiry into the Nature & Causes of the Wealth of States".
In Money: How the Destruction of the Dollar Threatens the Global Economy, Steve Forbes and coauthor Elizabeth Ames explain how the lack of any anchor for the U.S. dollar after President Nixon closed the gold window in August 1971 has increased uncertainty and put us on a pure discretionary government fiat money system. The Federal Reserve, now in its 100th year of operation, has become a central bank that serves as the fiscal agent of a profligate government, not the guardian of sound money. The authors argue that the 2008 financial crisis would not have occurred under a true gold standard, nor would government have become the bloated Leviathan it now is. They advocate returning to the hallmark of a liberal economic order — namely, a stable-valued dollar convertible into gold. See acast.com/privacy for privacy and opt-out information.
7 AM - 1 - Steve Forbes comes on to talk about his new book "Money: How the Destruction of the Dollar Threatens the Global Economy - and What We Can Do About It". 2 - Jason Campbell from the RAND Corporation talks Iraq with us. 3 - Marshall's News. 4 - IR
Today Larry welcomes: Michael Rubin, Resident Scholar at AEI, former Pentagon Middle East research official discusses his NEW BOOK: "Dancing with the Devil: The Perils of Engaging Rogue Regimes" ; Dr. Ben Carson, Washington Times columnist, FOX News Contributor. Discusses his NEW BOOK: "One Nation: What We Can All Do to Save America's Future"; Robert Costa, National Political Reporter for The Washington Post; John Fund, national-affairs columnist for NRO and senior editor at The American Spectator. Joins Larry to discuss his NEW BOOK: "Obama's Enforcer: Eric Holder's Justice Department"; Bob Doll, Chief Equity Strategist & Senior Portfolio Manager at Nuveen Asset Management and Michael Darda, chief economist at MKM Partners; Steve Forbes, Chairman & Editor in Chief, Forbes Media Former Republican Presidential Candidate discusses his NEW BOOK: "Money: How the Destruction of the Dollar Threatens the Global Economy"; James Pethokoukis, John McIntyre and Steve Moore all join Larry at the Money Table. All this and more on The Larry Kudlow Show
Today Larry welcomes: Michael Rubin, Resident Scholar at AEI, former Pentagon Middle East research official discusses his NEW BOOK: "Dancing with the Devil: The Perils of Engaging Rogue Regimes" ; Dr. Ben Carson, Washington Times columnist, FOX News Contributor. Discusses his NEW BOOK: "One Nation: What We Can All Do to Save America's Future"; Robert Costa, National Political Reporter for The Washington Post; John Fund, national-affairs columnist for NRO and senior editor at The American Spectator. Joins Larry to discuss his NEW BOOK: "Obama's Enforcer: Eric Holder's Justice Department"; Bob Doll, Chief Equity Strategist & Senior Portfolio Manager at Nuveen Asset Management and Michael Darda, chief economist at MKM Partners; Steve Forbes, Chairman & Editor in Chief, Forbes Media Former Republican Presidential Candidate discusses his NEW BOOK: "Money: How the Destruction of the Dollar Threatens the Global Economy"; James Pethokoukis, John McIntyre and Steve Moore all join Larry at the Money Table. All this and more on The Larry Kudlow Show
Today Larry welcomes: Michael Rubin, Resident Scholar at AEI, former Pentagon Middle East research official discusses his NEW BOOK: "Dancing with the Devil: The Perils of Engaging Rogue Regimes" ; Dr. Ben Carson, Washington Times columnist, FOX News Contributor. Discusses his NEW BOOK: "One Nation: What We Can All Do to Save America's Future"; Robert Costa, National Political Reporter for The Washington Post; John Fund, national-affairs columnist for NRO and senior editor at The American Spectator. Joins Larry to discuss his NEW BOOK: "Obama's Enforcer: Eric Holder's Justice Department"; Bob Doll, Chief Equity Strategist & Senior Portfolio Manager at Nuveen Asset Management and Michael Darda, chief economist at MKM Partners; Steve Forbes, Chairman & Editor in Chief, Forbes Media Former Republican Presidential Candidate discusses his NEW BOOK: "Money: How the Destruction of the Dollar Threatens the Global Economy"; James Pethokoukis, John McIntyre and Steve Moore all join Larry at the Money Table. All this and more on The Larry Kudlow Show