Here’s a First Step Toward President Trump’s Golden Age for America

Could a 50-year bond, redeemable in gold on America’s 300th Birthday, point the way out of the era of fiat money?

AP/Mike Groll
Gold bars at the United States Mint at West Point, New York, 2012. AP/Mike Groll

Financial markets have been acting skittish since the Federal Reserve chairman, Jerome Powell, announced an interest rate cut last month even as he cast a hawkish outlook on future actions. While Mr. Powell insisted it was premature to assess the impact of President Trump’s policies, he nevertheless alluded to “tariff-driven inflation” and indicated that Fed officials were already discussing its potential economic impact and the appropriate policy response.

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