Posted on 04/08/2019 6:43:06 PM PDT by E. Pluribus Unum
As far as I know, the Federal Reserve — the world’s most important economic policy institution — doesn’t have an anthem. But if it were to adopt one now, the choice would be obvious: “Send In the Clowns.”
You see, the Fed’s governing board currently has two vacancies, and Donald Trump has proposed filling those vacancies with ludicrous hacks. If he succeeds, one of our few remaining havens of serious, nonpartisan policymaking will be on its way toward becoming as corrupt and dysfunctional as the rest of the Trump administration.
Stephen Moore and Herman Cain are, of course, completely unqualified — I say “of course” because their lack of qualifications is, paradoxically, a key qualification not just for Trump but for the G.O.P. in general.
There are plenty of genuine monetary experts with conservative political leanings, some of them quite partisan. But modern Republicans have shown consistent disdain for such experts, perhaps because of a sense that anyone with real expertise or an independent reputation might occasionally be tempted to take a stand on principle.
There’s no risk that either Moore or Cain will ever take such a stand. In fact, what seems to have recommended both men to Trump was their evident willingness to completely reverse their policy views when politically expedient.
Both were hard-money men during the Obama years, demanding higher interest rates despite very high unemployment. Both have now taken to berating the Fed for failing to print more money in the face of low unemployment — because that’s what Trump wants.
That said, there’s a difference between the two men.
(Excerpt) Read more at nytimes.com ...
krugger is full ‘tard.
This fool is consistently wrong. I remember his prediction that if Trump won it would cause a stock market crash and a depression. We should constantly remind him of his past predictions.
Why bother posting what krug craps out. The entire world except for the NYT knows ‘es so FOS is eyes are brown.
All that fizzled is Krugman’s pea brain.
CREATURE FROM JEKYLL ISLAND AUDIO BOOK
THE TRUTH ABOUT THE FEDERAL RESERVE!
This excellent video was uploaded in July, 2013 and has just under
29,000 views (listens, actually).
If that number were 29 MILLION or 129 MILLION, I can guarantee
we wouldn’t STILL be in bondage to the international BANKSTERS
who OWN the FED...and US!!
A suggestion: How about running it in the background while doing
other computer tasks? And PLEASE SHARE THE LINK.
Perhaps even download it yourself and share it with your less techie buds.
To steal a phrase from Karl Marx (whose minions have been stealing our liberties for over 100 years):
Patriots of America unite. You have nothing to lose but your CHAINS!
https://www.youtube.com/watch?v=Dl5dkOruB9U
How much do you think you and your friends could suck out of the financial markets and the poor suckers NOT IN THE KNOW if you had advance notice that the HIGHLY SECRETIVE FEDERAL RESERVE “OPEN MARKET COMMITTEE” (the ALLEGED “NOTES” of which are not made public until months after they move one way or the other) was raising or lowering INTEREST RATES?
Can you spell “AS MUCH AS YOU WANT?”.
How’s that work you ask?
They’re going up X number of basis points: GO SHORT BIG TIME INTEREST SENSITIVE PAPER BEFORE THEY ANNOUNCE!
They’re going down X number of basis points: GO LONG BIG TIM INTEREST SENSITIVE PAPER BEFORE THEY ANNOUNCE!
These Rothschild connected banksters, not content with their deal to create fiat currency out of thin air then charge taxpayers interest (which can NEVER be repaid), have been screwing us for over a century. JFK was on the verge of shutting them down. We all know what happened to him.
Trump is making similar noises. Pray for him!!!
Krugman is still shorting stocks in this market which is up 50+%.
I don’t think Krugman has ever been right about anything?
Probably snorting socks as well.
Fake news.
Herman was only Chairman of one of the Fed branches, has a BS in Math and a Masters in Computer science and was chairman of Godfathers Pizza for 10 years.
Childish critique.
The Rationale of Central Banking
The basis of the book was her doctoral dissertation under the direction of Frederick Hayek.
Paul Krugman predicted markets would never recover from President Trump
There are no more clowns available; they all work at the New York Times.
A hack calling others significantly more qualified than he, hacks. A plethora of irony spews from this clown’s pie hole.
That's the only setting he has. He's completely incapable of dialing it down.
Herman Cain not only has the expertise but also experience as a past Fed bank branch chairman, yet they act like there are no signs of any qualifications for a Fed appointment whatsoever. Fake news.
because we all know how qualified dem AOC is.
Yep. It would take generations to recover from Trump’s election and get back to the wonderful Obama economy with its 1% growth.
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