Ron DeSantis fumes about fiat currency ‘problems’, stops short of backing return to Gold Standard

DeSantis NBD Iowa
If elected President, the Governor says he'd audit the Fed and remove 'central planning' functions.

Iowans now have a better understanding of Ron DeSantis’ position on America’s devalued dollar.

During a speech in Council Bluffs on Saturday, the 2024 Republican presidential candidate fumed about the issues with “fiat currency,” but did not back a return to the Gold Standard abandoned by the United States by Franklin D. Roosevelt originally in 1933, with the ultimate separation happening during the Richard Nixon era.

“I think the fiat currency has had a lot of problems,” DeSantis said at an event hosted by the Never Back Down super PAC.

The Governor offered specific criticism of Quantitative Easing, a policy embraced in earnest after the 2008 economic crisis, with a second helping of it as federal spending expanded amid the pandemic of 2020.

“There’s no question what the fed has done to manipulate the economy has not been good,” DeSantis said. “If you look at the financial crisis when that happened, they did this thing called quantitative easing and this is like, you know, big time expansion and it was supposed to be like an emergency situation.”

“And what they did is they basically made QE something that was permanent almost. I mean, it became a normal part of monetary policy,” DeSantis added.

DeSantis noted that policy benefited people with “assets” but was detrimental to “middle income” people. While he doesn’t believe a return to the Gold Standard is possible, he does advocate an “audit” of the Federal Reserve, and compelling the Fed to focus on “price stability” rather than economic “central planning.”

At least some of these themes were introduced in July, when the Governor’s campaign rolled out its “Declaration of Economic Independence.

The Governor then decried “boom-and-bust” policies enacted in the wake of the 2008 financial crisis that have been “costly for average Americans,” claiming “quantitative easing” made the rich richer. “Venture socialism” has been the order of the day, DeSantis said, with corporate bailouts and carveouts.

A.G. Gancarski

A.G. Gancarski has written for since 2014. He is based in Northeast Florida. He can be reached at [email protected] or on Twitter: @AGGancarski


  • SteveHC

    October 14, 2023 at 7:42 pm

    So the military lawyer jumped to politician, then social scientist, and now an expert in macro economics. Hmmm…

    • SteveHC

      October 14, 2023 at 7:47 pm

      – Oh yeah, how could I have *possibly* forgotten about public health expert! Sorry, my bad.

      “A jack of all trades is a master of none.”

      • Earl Pitts American

        October 14, 2023 at 9:22 pm

        Good evening Steve,
        Good knowing stuff Steve.
        Yes all that knowledge would be impossable for a regular man.
        But for a man like The Ronald who has me, Earl Pitts American, on his side nothing is beyond the realm of possabilities.
        *DESANTIS — PITTS – 2024 & 2028*

        • DEBRA

          October 14, 2023 at 10:10 pm

          Wait until Iowa sees Nikki and she opens her mouth. Smart and she doesn’t pick her nose and rub it on voters.

          • WhatNow

            October 16, 2023 at 4:43 pm

            – As long as “we’re” being a bit gross: She’s OK by me, even if she adjust her underwire while standing at the podium or even wipes it when sweating during speeches.

        • Rick Whitaker

          October 15, 2023 at 6:38 am


        • Rick Whitaker

          October 15, 2023 at 8:21 pm


        • SteveHC

          October 16, 2023 at 4:39 pm

          – lol OK I’ve got to admit that was a good one lol

  • My Takee!

    October 14, 2023 at 7:56 pm

    Used to be you could demand to be paid in bitin’ money–specie!–but now that’s all zinc

  • Harold

    October 14, 2023 at 8:03 pm

    Oh Jesus Tapdancing Christ. It sounds like this clown is starting to turn into a crypto bro next.

    • MH/Duuuval

      October 16, 2023 at 10:38 am

      No, he wants to return to the pre-1930s years when banks did what the wanted — including failing, as in the Great Depression.

      Ron imagines himself the Great Survivor, a mountain of a man with his wife, children, and dawgs who can go out into the Florida bush and survive by eating snakes and so forth (if necessary). Come what may, he intends to be in charge of his fate and ours, too.

  • PeterH

    October 14, 2023 at 11:30 pm

    Libertarian crazy talk!

  • Sonja Fitch

    October 15, 2023 at 5:03 am

    Mm IF DESANTIS is such a leader of BS! Here in Florida folks died during quarantine! DESANTIS dealt with it by lying and saying it wasn’t real. DESANTIS intentionally destroyed Florida Education for children and college kids! Get out Desantis

    • MH/Duuuval

      October 16, 2023 at 10:39 am

      Hiding medical stats from the public, or distorting them, is a hallmark of authoritarianism.

  • Rick Whitaker

    October 15, 2023 at 6:36 am

    desantis sounds like a financial policy idiot. i don’t want him touching my money.

  • jrhmobile

    October 15, 2023 at 8:06 am

    So Ronnie D. stopped short of going full Williams Jennings Bryan and hoisting himself on a Cross of Gold.

    Don’t go full William Jennings Bryan.

    Or do. But that would mean Ronnie D. would have to go true populist and care for all his constituents half as much as himself. That’d be a plot twist for the ages …

    • My Take

      October 16, 2023 at 7:06 am

      Ì can only imagine tràditiòñàlly correct Rhonda at the Scopes tŕial.

      • MH/Duuuval

        October 16, 2023 at 10:41 am

        Or, hawking (underwater) Florida land, as did WJB.

  • Lee

    October 15, 2023 at 12:54 pm

    It’s s not “Jack of all trades”.

    The word “off” has two ‘f’s.

  • Biscuit

    October 15, 2023 at 1:58 pm

    Listen as Professor DeSantis speaks to his class:
    “…they did this thing called quantitative easing and this is like, you know, big time…”
    (Like, you know, they did this thing. Okay, got it, Professor.)
    “And what they did is they basically made QE something that was permanent almost.”
    (Permanent. Almost. A kind of fusion of opposites?)
    Whew, this is such a challenging class.
    Hey, did you hear the one about the doctor who told the woman, “The test results are in. You’re pregnant…almost.”

    • My Take

      October 15, 2023 at 8:11 pm

      “Permanent. Almost. A kind of fusion of opposites?”
      Oddly (ahem) enough, formal mathematics has a recognized meaning for “almost all.”

Comments are closed.


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