The Political Junkie offers an outside-looking- in view of the US. Each day, we will highlight news and opinion pieces from around the world that are focused on US politics and policy. Agree or disagree with the opinions you will read but take a few minutes to see yourselves as others see you.
ON CNBC early Friday, the topic was the Republican decision to set up a party committee to explore a return to the gold standard. The clips I've found of this discussion on the CNBC website (here and here)
feature commentators appropriately noting that the idea is "ludicrous"
(amusingly, the website's caption team has spelled it "ludacris";
someone younger than myself please insert an appropriate hip-hop-themed
joke). But in the sequence I was watching on TV that didn't get picked
up by the website, one of the channel's regulars (I didn't catch the
name) said the attention was misplaced. The gold standard is "never
going to happen", he said; it's "incredibly deflationary", the American
government is never going to try to return to it, and the whole
exploratory committee is just political tomfoolery we should all ignore
in order to focus on real issues.