Posted on 07/04/2019 8:21:57 AM PDT by Moonman62
*** Steve Forbes:
Great news that @realDonaldTrump plans to nominate the brilliant @judyshel to Federal Reserve Board. She will ask hard questions. She is stout foe of nonsense idea that prosperity causes inflation.
*** Judy Shelton:
I will indeed, Steve. You’re an inspiration. Productive economic growth, which leads to higher levels of output, justifies wage gains. It is not inflationary @SteveForbesCEO
https://twitter.com/judyshel/status/1146540713645154305
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*** Stephen Moore:
Judy Shelton is a champion of sound money and a stable currency. She understands growth does not cause inflation, and is a great choice for the Fed.
https://twitter.com/StephenMoore/status/1146403319306424320
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*** Judy Shelton:
Artificially suppressed/elevated interest rates cause malinvestment. Should minimize central bank intervention in favor of market-determined rates.
https://twitter.com/judyshel/status/1143103060631146496
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*** President Trump:
I am pleased to announce that it is my intention to nominate Judy Shelton, Ph. D., U.S. Executive Dir, European Bank of Reconstruction & Development to be on the board of the Federal Reserve....
*** Judy Shelton:
I am very honored and grateful for the statement from President Trump and will strive to support the U.S. pro-growth economic agenda with the appropriate monetary policy. Unlimited potential beckons for America and the world.
https://twitter.com/judyshel/status/1146228871118938113
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*** Judy Shelton:
Phillips Curve reasoning leads to harmful monetary policy: high employment is not inflationary when increasing productivity results in higher output.
https://twitter.com/judyshel/status/1141689318307696641
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Judy Shelton's Gold Standard:
A gold-backed bond was first proposed in 1981 by Alan Greenspan. I think the U.S. should issue them as an experimental pilot program, similar to the TIPS bond, that compensates people who are concerned about the future value of the dollar. For those who are concerned about a big financial meltdown, these bonds would give them some insurance, as gold tends to rise in price during periods of financial stress.
The Chinese would welcome this development, because it would likely be a stabilizing force for the value of the dollar and protect their dollar holdings. I also think they are the most likely country to provide a parallel instrument. If China were to offer a similar instrument where five years from now you can get back x amount in yuan or an ounce of gold, five years from now both the U.S.-issued instrument and the China-issued instrument are worth the same thing, an ounce of gold. So now you start getting projections of a stable exchange rate determined by market forces.
If this practice starts to spread to even more countries, you would start to see the semblance of a future stable exchange rate system with those exchange rates being determined by what market forces believe about the future value of those currencies.
https://fortune.com/2016/08/18/trump-gold-standard-economic-advisor-woman-judy-shelton/
Economic growth does not cause inflation.
Watched Faux News Business yesterday, they were freaked out by her. Basically said she won’t be confirmed. I really hope she gets through, sick of the Ivy League Fed group think.
She’s being viciously attacked by the corrupt media.
Her ideas would lead to incredible prosperity if adopted. The Swamp doesn’t want that.
Ping.
I suspect Obama misappropriated most of it for his agenda to destroy America.
Sounds good to me.
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