[Congressional Record Volume 166, Number 131 (Friday, July 24, 2020)]
[House]
[Page H3842]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                      SOUND MONEY CAUCUS IS FORMED

  (Mr. DAVIDSON of Ohio asked and was given permission to address the 
House for 1 minute and to revise and extend his remarks.)
  Mr. DAVIDSON of Ohio. Mr. Speaker, I am pleased to announce the 
formation of the Sound Money Caucus. Together, we will study and 
highlight the impact of monetary and fiscal policy on the United States 
dollar as a store of value and a means of exchange.
  As you can see, the supply of dollars has gone up dramatically, 
really since the gold standard ended in 1971. It is a gradual slope. 
But if you see since the recession, it has been aggressive. And then, 
obviously, here, this year, it has been nearly vertical.
  The value of the dollar is critical. That is the store of value for 
all Americans.
  I am pleased to be joined by Co-Chairman   Andy Barr, and Members 
like Brady, Budd, and Zeldin. We look forward to working with everyone 
to highlight the importance of sound money.

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