Wednesday, July 3, 2019

Trump's new pick for the Fed still thinks we dig our money up from out of the ground.

Judy Shelton

Here name is Judy Shelton. She follows goofy Steve Forbes and is a believer in the gold standard. Thankfully there aren't too many "economists" out there like this anymore.

What's curious is that she wants rates at zero, which is odd for a "hard money" person. Usually they want high rates because they believe that leads to low inflation and "sound money."

Do you think she understands that the zero rate means inflation stays low or non-existent? I doubt it.

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