Interest-rate adjustments aren’t enough. The U.S. must restore a gold-backed dollar. Inflation persists because monetary policy lacks a stable anchor.

A return to sound money—defined by a fixed link to gold—would constrain excessive money printing and restore confidence in the dollar. Historical precedent shows that gold-backed systems delivered long-term price stability. Critics argue gold standards are inflexible, but modern implementations could allow limited flexibility while preserving discipline.

The Federal Reserve’s current approach treats symptoms, not causes. Without a credible nominal anchor, inflation expectations remain unanchored. Restoring gold convertibility would impose fiscal discipline on Congress and limit central bank discretion.

This is not a call for pure 19th-century gold standard revival, but a modernized rule-based system anchored to gold’s scarcity. Such a reform would reduce volatility, encourage savings, and realign incentives toward productive investment. The alternative—continued reliance on discretionary fiat management—risks deeper currency erosion and loss of global trust.

Sound money is not nostalgia; it is a necessary precondition for sustainable economic health.