But here's the good news: New Jersey is in the economic heartland of America; the heart of our nation's financial infrastructure is only a few miles away and some of the top life science companies in the world call our state home. The question is: How can we maximize these assets and get our economy humming again?
We need to eliminate incentives for moving headquarters, jobs and production overseas, shrink our deficits, and reduce our debt. We also need to set aside the revenue for an Infrastructure Bank to rebuild our transportation and infrastructure. We should also invest in R&D, so we can continue to pump out first-rate innovation.
Bell: Strongly Agree.
Question topic: Briefly list political or legislative issues of most concern to you.
Bell: Giving back control of our money from the Federal Reserve to the people by restoring the gold standard.
Sabrin: Strongly Agree
"I offered an answer to that problem," he added. At the center of the economy's lackluster recovery, he said, is the Federal Reserve's zero interest rate policy, which he blames for the lack of job creation and for denying people the ability to save. The U.S. needs to undergo a "fundamental monetary reform," he said.
That belief is what prompted Bell to run again in the first place, he said. Since 1982, he has continued working on tax and monetary reform at a series of Washington DC-based think tanks and consultancies. "It just struck me that the whole cycle was going to go forward with no further debate on Fed policy unless I decided to come back to New Jersey and run," he said.
"That means having market-based interest rates, reducing spending to what the people will pay for in taxes so they don't have deficits, and freeing up the economy from the strangulation of regulations, which are now 80,000 pages in the Federal Register," he said. "For the average person who wants to start a business, they look at all the regulations that they have to go through and they say, 'I can't do this.'"
We must act to empower those who are suffering now, removing roadblocks that prevent them and their families from getting back on their feet. Doing that is about more than simply protecting the most vulnerable or those at risk of falling from the middle class into poverty. It means providing help to people who are likely to spend the extra money they have in their paychecks every month--a hand up that will create benefits throughout the economy.
"I'm a one-issue candidate," he says. "I don't really want to get into state issues. With no money, my only real opportunity is to be known for just one thing." So Bell, an eloquent and ardent pro-lifer, defense hawk, and foreign-policy interventionist, ties nearly every issue he's asked about back to the destructive power of paper money.
"Why is it so important to return to gold-dollar convertibility now?" his letter asked the unsuspecting Republican voters of New Jersey. "Things have gone too far for limited half measures to work." A return to the gold standard, he concedes, would of course result in higher interest rates, as the dollar sought its own level of value without direction from the Fed.
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