A resolution expressing the sense of the House of Representatives with respect to high interest rates, economic recovery and the gold standard.

Summary

Declares that it is the sense of the House of Representatives that: (1) current interest rates are needlessly and destructively high; (2) high interest rates are wreaking extensive damage on the economy; (3) the Federal Reserve has been a failure as a tool of monetary policy; (4) interest rates must be brought down; (5) balancing the budget and reducing Federal loans and loan guarantees will only solve part of the problem; and (6) the only long-term solution to economic recovery is a return to the gold standard and the discipline it brings. Urges the adoption of a gold standard by Congress to restore stability and to strength the economy.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

No timeline events have been ingested for this record yet.

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in House

  summary · EN · 16 November 1981

  Open at official source

Sponsors

No sponsors or actors listed by the source.

Related records

No cross-record relationships stored yet.