Financial Times: Utah raises standard in anti-Fed campaign
Robin Harding and James Politi writing for the London Financial Times, read Utah's Legal Tender Act as a "rebuke" to Federal Reserve policies and policymakers:
This proto-gold standard in the American west is a rebuke and challenge to the Fed, and a reminder that easy monetary policy since 2007 has won the central bank many more enemies than friends.
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“They’ve been a disaster,” says Jeff Bell, policy director of the American Principles Project, a conservative lobby group that has helped the Utah legislators and favours a return to the gold standard. “Mr [Ben] Bernanke, ever since he got on to the Fed, has been a force for fighting deflation and bringing interest rates down to the disappearing point.”