Can Donald Trump deliver on his unequivocal promise to bring down prices, fast?
Some dare to doubt.
- The New Republic: "Donald Trump knows that he won the presidency because grocery prices are high. What he doesn’t know is how to actually get those prices to come down."
- The HuffPost: "Trump Backtracks On Campaign Pledge To Bring Down Grocery Prices: The president-elect walked back what was always a wildly unrealistic campaign promise."
- The New York Times headlines: "On Issue After Issue, Trump Promises the Moon. No Word on the Rocket. Donald Trump has a rocket to deliver the moon as promised. Will he proclaim it?"
I don't doubt that he can.
But will he? Here's how.
The classical gold standard is a big part of what made America great. It is key to making America great again.
The classical gold standard, as Trump well knows, has a proven ability to stabilize prices while supercharging the economy’s power to quickly grow, letting us working people outgrow the high prices at the grocery store and ... everywhere.
Gold, meaning the classical gold standard that did so well by America for so long, can accomplish this, and almost instantaneously. How can I (one of the 23 official witnesses before the Reagan Gold Commission) be so sure? Here's how.
After WWII Germany was a bombed-out ruin. Ludwig Erhard, defying his experts, performed a currency reform. It instantly created the Wirtschaftswunder, the Miracle on the Rhine.
In the words of economist Henry Wallich, "The spirit of the country changed overnight. The gray, hungry, dead-looking figures wandering about the streets in their everlasting search for food came to life."
As the great French economist Jacques Rueff — the architect of France's own post-war economic miracle, the ‘Trente Glorieuses’ — observed, "Only an eye-witness can give an account of the sudden effect which currency reform had on the size of stocks and the wealth of goods on display. Shops filled up with goods from one day to the next; the factories began to work. … One day apathy was mirrored on their faces while on the next a whole nation looked hopefully into the future."
Trump has the power (and the propensity) to generate an American Economic Miracle through his own currency reform: restoring gold as the world’s reserve asset by enacting the "Donald Trump Golden Age Act of 2025," patterned meticulously after the sadly un-enacted Gold Standard Act of 1984.
As I previously wrote:
There are abundant data showing that the gold standard, much more preferably the classical gold standard, would bring about the growth rates needed not just to cut the deficit but to put the federal budget into surplus, all while enriching us rank-and-file citizens.
…
First, gold is intuitively the antidote to inflation, a top-of-mind issue among voters.
Second, precious metals-based currencies, of which the gold standard is the gold standard, are biblical.
Third, precious metals-based currency is clearly constitutional, as attested to by my testimony as one of the 23 official witnesses before the Reagan Gold Commission.
Fourth, … polling evidence [shows] that the gold standard is popular, especially among … new Republican-trending constituencies. [Per Zogby: "…half of white voters, 63% of Hispanics, and 56% of black voters support the classical gold standard.
Fifth, the Democratic Party’s intelligentsia are dead set against the gold standard, making them a perfect political foil.
Sixth, the original supply-side manifesto, the Mundell-Laffer Hypothesis, wildly successful as far as implemented, was almost entirely devoted to restoration of the gold standard. …
Supply-side chief architect Robert Mundell’s 1999 Nobel Prize acceptance speech was largely dedicated to a recitation of why the gold standard proved … superior.
Seventh, the Bank of England did a comprehensive paper showing that the gold standard provides superior equitable prosperity and financial stability.
Eighth, presidential candidate Donald Trump in the 2016 race spoke twice glowingly of the gold standard:
"We used to have a very, very solid country because it was based on a gold standard," Trump told WMUR television in New Hampshire in March 2016. … But he said it would be tough to bring it back because "we don't have the gold. Other places have the gold."
Trump commented to GQ: "Bringing back the gold standard would be very hard to do, but boy, would it be wonderful. We'd have a standard on which to base our money."
Trump was misadvised. America has the gold.
Restoring the gold standard, rightly done? Easy as pie.
Mr. President-elect? Invite Dr. Arthur Laffer, Steve Forbes, George Gilder, Lewis E. and Leland Lehrman, Prof. Larry White and perhaps a few other respected experts to form a Trump Gold Commission to assess how restoring the classical gold standard will make America great again, fast.
Then do it. Crucify inflation upon a cross of gold, Mr. President.
Give America the new golden age you are promising.
Ralph Benko, co-author of "The Capitalist Manifesto" and chairman and co-founder of the 200,000+ follower "The Capitalist League," is the founder of The Prosperity Caucus and is an original Kemp-era member of the Supply-Side revolution that propelled the Dow from 814 to its current heights and world GDP from $11T to $104T. Read Ralph Benko's reports — More Here
© 2025 Newsmax. All rights reserved.