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Good as Gold
How to Unleash the Power of Sound Money
Judy L. Shelton (Author)
List Price: $26.95
Buy from Online Retailers
Judy L. Shelton (Author)
Hardcover • 6 x 9 inches
ISBN-13: 978-1-59813-389-9
Publication Date: Oct. 8, 2024
Publisher: Independent Institute
Bulk discounts available: Learn more
Formats
Hardcover
eBook
Audiobook
Good as Gold
How to Unleash the Power of Sound Money
Judy L. Shelton (Author)
List Price: $26.95
Buy from Online Retailers
Hardcover • 6 x 9 inches
ISBN-13: 978-1-59813-389-9
Publication Date: Oct. 8, 2024
Publisher: Independent Institute
Bulk discounts available: Learn more
Formats
Hardcover
eBook
Audiobook

Overview

From financial crises, to pandemic price-spikes, to recurring cycles of inflation, everyone agrees: the economy has seen better days.

But as soon as pundits and politicians start discussing economics, things get murky. Most books ask more questions than they answer.

Most books...but not this one.

Judy Shelton—Senior Fellow at Independent Institute, former Chairman of the National Endowment for Democracy, and critically acclaimed monetary economist—has written a book with answers.

And not a moment too soon.

With clarity and moral courage, Shelton charts the course to a brighter future. She’s one of the few economists bold enough to challenge the inflationary policies of the Federal Reserve, emphasizing how today’s policies enrich elites at the expense of—you guessed it—poor and middle-class Americans. This, Shelton insists, must end. And it can end—easily.

But Shelton doesn’t stop there. Her vision is for not only America but also for people around the world. Global, economic upliftment, she insists, need not come at the expense of domestic prosperity. We can have both—but not without a sound and stable U.S. currency.
And history is very clear on this point. When the U.S. dollar is backed by gold, America prospers, and so does the rest of the world. In this book, Shelton casts a powerful vision that is as revolutionary as it is time-tested...a vision that shows how the future American dollar can perform as good as gold...

...or even better.

But this is no curmudgeonly demand to return to the gold standard of yore. Neither is it a demand to return to the Bretton Woods era. Instead, Shelton offers something new: an explanation of how we can use gold for a new international monetary order. Step by step, she lays out how gold can provide a universal measure of value across borders, create new financial opportunities, and dramatically increase prosperity around the world.

If you care about the poor, rich, and everyone in between, you have to read this book ... and discover:

  • how price stability functions as the foundation for productive economic growth;
  • how political freedom and economic freedom are fundamentally linked ... and how one cannot exist without the other;
  • how to reconcile the stability of America’s domestic currency in a global context;
  • the proper role of government in the economy;
  • and much, much more ...

Writing with a sober but hopeful voice, Shelton is no ordinary economist. With grace, intellectual rigor, and unmatched passion, this book is a must-read for anyone invested in the future of the American—and global—economy. You'll walk away with more answers than questions—a rare experience for anyone who reads about monetary policy.

Contents

Table of Contents

Preface
Introduction

Part One: Building Consensus

  1. Central Planning Doesn’t Work
  2. Stable Money Fosters Productive Growth
  3. Money Should Work Across Borders

Part Two: Taking Action

  1. Fix What Broke
  2. Golden Link to the Future
  3. The Leadership Imperative

Epilogue
Notes
Index
About the Author

Praise

“In her book Good as Gold, Judy Shelton explains what was lost after the gold-backed Bretton Woods system was abandoned by the Nixon administration. Stable money is a pillar of the supply-side agenda for achieving productive economic growth. We need a dollar that is a world currency, that’s for sure—one that provides a reliable store of value at home and is recognized as the world’s most respected monetary standard for international trade and investment. Judy Shelton shows us how to achieve both.”
Arthur B. Laffer, PhD`

“A book more than worth its weight in gold. Shelton obliterates the wrong-headed, opportunity-killing ideas that currently have a vice-like grip on central bankers and economic policymakers. Then she lays out a new way forward to achieving sound money—the absolute requisite for a genuinely prosperous, free-market future. A masterful achievement.”
Steve Forbes, chairman and editor-in-chief, Forbes Media

“In 1997, Judy Shelton’s mentor, the Nobel laureate Robert Mundell, proclaimed that ‘gold will be part of the international monetary system in the twenty-first century.’ In a clear and persuasive way, Shelton’s Good as Gold provides a road map for the United States to follow, leading the way to Mundell’s promised land.”
Steve H. Hanke, professor of applied economics, Johns Hopkins University

“Judy Shelton’s brilliant plan for the redemption of the U.S. dollar couldn’t be timelier. A 24-karat broadside in the service of sound money, world prosperity, and—who dreamt it was possible?—the ennoblement of American politics.”
James Grant, publisher, Grant’s Interest Rate Observer

News

Media Inquiries
Robert Ade, Director of Media Relations
(510) 635-3690 | Send email
News
“How About James Bond as a Central Banker? ‘Goldfinger’ Emerges as a Metaphor for Our Times” Senior Fellow Judy Shelton, author of Good as Gold Op-Ed in The New York Sun Thu., Oct. 3, 2024
“A Funny Way for the Fed to Stay Apolitical” Senior Fellow Judy Shelton, author of Good as Gold Letter to the Editor in The Wall Street Journal Wed., Oct. 2, 2024
“The Shelton Monetary Plank” Good as Gold by Senior Fellow Judy Shelton is reviewed in The New York Sun Wed., Oct. 2, 2024
Good as Gold: How to Unleash the Power of Sound Money by Senior Fellow Judy Shelton mentioned in The Wall Street Journal Wed., Sep. 25, 2024
“The kind of Fed policy reform this economist wants to see” Senior Fellow Judy Shelton, author of Good as Gold interviewed on Yahoo Finance Wed., Sep. 18, 2024
“Money Should Be Trustworthy” Senior Fellow Judy Shelton, author of Good as Gold interviewed on Hedgeye TV Tue., Sep. 17, 2024
“Here’s a Job for Trump’s ‘Musk Commission’: Take a Look at How the Federal Reserve Is Paying Banks Not to Lend” Senior Fellow Judy Shelton, author of Good as Gold, Op-Ed in the New York Sun Tue., Sep. 10, 2024
“Plugging Bad Data into a Bad Model: Why Should We Have Confidence in the Federal Reserve?” Senior Fellow Judy Shelton, author of Good as Gold cited on MoneyMetals.com Mon., Sep. 9, 2024
“Kamala Harris Sees Private Sector as Greedy Predators” Senior Fellow Judy Shelton, author of Good as Gold interviewed on Fox Business Network Mon., Sep. 9, 2024
“Could We See A Gold Backed Dollar?” Senior Fellow Judy Shelton, author of Good as Gold interviewed on the InFi Podcast, hosted by Robert P. Murphy Sun., Sep. 8, 2024
“Why Is the Federal Reserve’s Meeting in November Scheduled a Day Later Than It Would Normally Be Held?” Senior Fellow Judy Shelton, author of Good as Gold Op-Ed in The New York Sun Mon., Sep. 2, 2024
“The Fed Has Given Everyone Good Reason to be Skeptical“ Senior Fellow Judy Shelton, author of Good as Gold interviewed on Fox Business Network Thu., Aug. 22, 2024
“Intriguing Possibility Emerges for Federal Reserve’s Annual Retreat Next Week—It’s Not Totally Confident of Its Own Model” Senior Fellow Judy Shelton, author of Good as Gold Op-Ed in The New York Sun Mon., Aug. 19, 2024
“The Fed is too powerful and prominent in financial markets” Senior Fellow Judy Shelton, author of Good as Gold interviewed on CNBC’s Squawk Box Fri., Aug. 2, 2024
“Why the Fed Should Target 0% Inflation” Senior Fellow Judy Shelton, author of Good as Gold interviewed on Yahoo! Finance Opening Bid show Wed., Jul. 31, 2024
“This Is How the US Can Have Global Prosperity” Senior Fellow Judy Shelton, author of Good as Gold interviewed on Fox Business Network’s Kudlow Wed., Jul. 31, 2024
“Stable Dollar Emerging as the Missing Link in Unleashing Productive Economic Growth for America—and the World” Senior Fellow Judy Shelton, author of Good as Gold Op-Ed in The New York Sun Sat., Jul. 27, 2024
“Key Takeaways from Fed Chair Powell’s Testimony” Senior Fellow Judy Shelton, author of Good as Gold interviewed on CNBC Wed., Jul. 10, 2024
“America is in ‘A Bad Place’; Gold Can Restore Its Prosperity Says Trump Fed Nominee” Senior Fellow Judy Shelton, author of Good as Gold interviewed on The Daniela Cambone Show Thu., Jun. 13, 2024
“A Broken Monetary System, and How to Fix It” Senior Fellow Judy Shelton, author of Good as Gold interviewed on the Daniel Lacalle Podcast Tue., May. 28, 2024
“The Fed is trying to slow down economic activity” Senior Fellow Judy Shelton, author of Good as Gold interviewed on CNBC’s Squawk Box Tue., May. 14, 2024
“Federal Reserve ‘group think’ causes big mistakes” Senior Fellow Judy Shelton, author of Good as Gold interviewed on Fox Business Network’s Making Money With Charles Payne Mon., May. 13, 2024
“Getting Monetary Policy Back on Track” Senior Fellow Judy Shelton, author of Good as Gold Op-Ed in American Institute for Economic Research Tue., May. 7, 2024
“Will the Fed Cut Rates?” Senior Fellow Judy Shelton interviewed on Fox Business Network’s Mornings with Maria Thu., Mar. 21, 2024
“Don’t Credit the Fed for Inflation’s Decline” Senior Fellow Judy Shelton Op-Ed in The Wall Street Journal Mon., Mar. 18, 2024
“The Federal Reserve’s Next Moves” Senior Fellow Judy Shelton, author the upcoming book Good as Gold: How to Unleash the Power of Sound Money interviewed on The David Lin Show Wed., Feb. 7, 2024
“The View From Mont Pelerin” Senior Fellow Judy Shelton, author of Good as Gold mentioned in The American Spectator and Substack Sat., Dec. 9, 2023
“The Gold Standard Is about Trust” Senior Fellow Judy Shelton, author of Good as Gold: How to Unleash the Power of Sound Money interviewed on Kibbe on Liberty Thu., Nov. 23, 2023

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