How Central Banks MANIPULATE Currencies & What Money IS NOT | Let People Prosper Ep. 54 w Dr. Judy Shelton

In this episode, I discuss the following with Dr. Judy Shelton:
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1) Why money is important, how it gets its value, what it really is and is not;
2) What the Fed did wrong during the pandemic, how it continues to mishandle interest rates, and why this approach will ultimately not abet inflation; and
3) Skyrocketing interest rates around the world, how central banks manipulate currencies, and much more.

​Check out one of her recent op-eds in The Wall Street Journal “The Fed’s Monetary Policy Tool Kit Needs an Overhaul.”

​Dr. Shelton’s bio:

• Economist Judy Shelton specializes in global finance and monetary issues. She has testified before Congress as an expert witness at hearings conducted by Senate Banking, Senate Foreign Relations, House Banking, House Foreign Affairs, and the Joint Economic Committee.
• Dr. Shelton has been consulted on international economic/financial issues by national security officials at the White House and Pentagon. She received a postdoctoral fellowship from the Hoover Institution at Stanford University as a National Fellow; she was named as a Hoover scholar and was subsequently appointed Senior Research Fellow (1985-1995). Shelton is the author of The Coming Soviet Crash: Gorbachev’s Desperate Pursuit of Credit in Western Financial Markets (1989) and Money Meltdown: Restoring Order to the Global Currency System (1994). Her opinion pieces appear in The Wall Street Journal, Financial Times, The Hill, The Weekly Standard and the Cato Journal.    
• Shelton was an economic advisor for the National Commission on Economic Growth and Tax Reform chaired by Jack Kemp (1995-1996). She was a founding member of the board of directors of Empower America and has also served on the board of directors for Hilton Hotels and Atlantic Coast Airlines. She also taught international finance as a visiting professor at the DUXX Graduate School of Business in Monterrey, Mexico (1995-2001).
• Shelton joined the Atlas Network in 2010, where she serves as Senior Fellow. She has written two monographs for Atlas: “A Guide to Sound Money” (2010) and “Fixing the Dollar Now” (2011). Shelton was a member of the board of directors of the National Endowment for Democracy (2005-2014). She served on NED’s Budget & Audit committee and was the designated board expert on Russia, Ukraine and Belarus. She was appointed and served as Vice Chairman of the NED Board from 2010-2014.    
• Shelton holds a Ph.D. in Business Administration, with an emphasis on finance and international economics, from the University of Utah.
  

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