Trump’s Cross of Gold — Barry Eichengreen

US President Donald Trump wants to compress the United States trade deficit and enhance the competitiveness of domestic manufacturers by using tariffs to raise the price of imported goods. And the fixed exchange rates he needs to achieve that goal are the real reason behind his nomination of Judy Shelton to the Federal Reserve Board.... 

Project Syndicate
Trump’s Cross of Gold

Barry Eichengreen | Professor of Economics at the University of California, Berkeley, and a former senior policy adviser at the International Monetary Fund

Dr. Shelton Remains Outspoken: She Should Have Known Better —David Glassner

David Glassner lays the smackdown on Fed-goldbug Judy Shelton for failing to understand the basics of currency manipulation when they have been explained to her.

Of course, President Trump has even less of an idea than his appointee, but in fairness he is not a PhD economist working in the field that expected to know about this matter in great detail.

Uneasy Money
Dr. Shelton Remains Outspoken: She Should Have Known Better
David Glasner | Economist at the Federal Trade Commission

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

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.