Tag:JudyShelton

Trump’s Federal Reserve pick is the biggest crackpot yet, but his Senate toadies keep toadying

The Republican Senate still seems quite determined to install any crackpot, no matter how unqualified or damaging, to any position Trump's team of catastrophic...

Trump Nominates Yet Another Doozy To Federal Reserve

You may recall how in 2019, Donald Trump was oh for two with respect to Federal Reserve nominees. Hermain Cain had a history as a sexual harasser and Stephen Moore had made grossly inappropriate comments about women, such as saying that women shouldn’t make more money than men. Those controversies caused both candidates to withdraw before they had to withstand Senate scrutiny. Now Trump has found a woman, Judy Shelton, presumably to offset the two misogynists, and but for the fact that she’s batshit crazy, that might not have been such a bad idea. CNN: President Donald Trump’s Federal Reserve nominee Judy Shelton said in 2011 that the central bank was “almost a rogue agency” in the US government and had become a “behemoth” that couldn’t be trusted with oversight of the dollar. “Our government is promising so much to so many and at the same time we let the government control the value of our money and all of that would really go against the grain with our Founders — who did not see it as the government’s task to supply everything to everybody,” she said. “They saw the government’s task to be to protect private property and that’s why they wanted limited government because they knew,” she added. “It’s just the nature of having power that causes people in power to abuse the privilege. I think we’re now at a point where we have to ask if we can even trust government to regulate the value of our money.” Distrust of government is core wingnut insanity. The absolute last thing we need is this loony calling shots on the Federal Reserve. She’s advocating a return to the gold standard, while the majority of economists, according to CNN, disagree with that idea, saying that it would be “disastrous for the U.S. economy.” Can we just get done with the Trump Era, already, so we don’t have to continually fight these confirmation of the clueless battles?

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