Forbes: U.S. Could Soon Return to Gold Standard

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The U.S. could return to the gold standard within five years, according to magazine publisher Steve Forbes.

The former GOP presidential candidate told the conservative newspaper Human Events that a gold standard would stabilize the dollar and restore confidence in U.S. Treasury bonds among foreign investors.

"If the dollar was as good as gold, other countries would want to buy it," he said.
    
He also said such a move would discourage politicians from reckless federal spending.

While most economists believe there's little chance of the U.S returning to the gold standard, Forbes believes the idea could gain support because people "know something is wrong with the dollar."

"You cannot trash your money without repercussions," he concluded.

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