This is why Trumpp’s nominee for the Fed Reserve Board is the clueless hack Stephen Moore. Trumpp wants somebody that has been on TV praising Trumpp, has a veneer of credentials that is enough to fool Trumpp, and, most importantly, seems likely to do Trumpp’s bidding and accept all the blame when it goes wrong.
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In many ways the Fed heads are all hacks.
It’s just they live in a particular bubble. Still beholden to a world that was swept away by Greenspan and then Bernanke. Still paying lip service to the old central bank mantras, out of custom.
While Moore is a clueless one what he wants and what everyone wants, especially liberals, and that is loose money. Everyone wants loose money. Moore wants what the MMT people want. What Duncan Black wants. What every politician in America wants. More and more and more low rate credit.
Point taken.
Melania says the same thing!
what do you mean hes bitter Obama got it and he wants it,? I dont understand what the “it” is and unfortunately this is over my head I’m afraid.