Posted 4/14/2019 12:05 (#7438755 - in reply to #7438688) Subject: RE: What is your feeling on the name being floated for Fed positions
w1891 - 4/14/2019 11:16
What is your feeling on Stephen Moore and Herman Cain being floated for the Fed? It would seem they are lightweights in this area especially Moore? Are there enough Fed members to teach them if they are nominated and confirmed?
Trump is such a great republican with his tax cuts and deficit spending then he goes and nominates these two. They both push a gold standard. Nine, Nine, Nine, remember that? It might have been fun.
These two have such a flawed foundation in their understanding of the financial system that everything they believe is defective. When a person has held defective beliefs for so long there is little chance of convincing them how the system actually works.
But we have the greatest mmt President ever in office right now with trillion dollar deficits, and trillion dollar projected deficits for the foreseeable future. Hopefully he can push through some more stimulus spending in the form of an infrastructure bill.
We are finally in a position to get middle class wages to rise with this low unemployment and manpower shortage. This could be accomplished with a stimulus package right now in the form of a infrastructure plan.