Documents/RPP2012/8: Inflation & the Federal Reserve/8.2: Commission

8.2: Commission

Establish a commission to investigate possible ways to set a fixed value for the dollar.

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Determined to crush the double-digit inflation that was part of the Carter Administration’s economic legacy, President Reagan, shortly after his inauguration, established a commission to consider the feasibility of a metallic basis for U.S. currency. The commission advised against such a move. Now, three decades later, as we face the task of cleaning up the wreckage of the current Administration’s policies, we propose a similar commission to investigate possible ways to set a fixed value for the dollar.

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