Jump to content

Trump confirms Herman Cain nomination to Federal Reserve board

Recommended Posts

  • Jason changed the title to Trump confirms Herman Cain nomination to Federal Reserve board

It's been a little crazy seeing conservative economists in the financial press railing against Powell's raising of interest rates after they spent years skewering Bernanke for keeping them low.


I used to think their hard money, ZIRP-is-debasing-the-currency views (or rather rhetoric) during the Obama years, while maybe slightly exaggerated by political bias, still mostly stemmed from an authentic economic ideology that transcended their politics.  But now it's becoming clear that, for a lot of them, it really is just all about naked political self-interest.  Stimulus and soft money are perfectly fine provided they're helping conservative politicians, it seems.


Oh, and yeah--this pick sucks.  Moore and Cain are hacks.  You don't want hacks running the most powerful financial institution in the world.  Especially not ones appointed to be loyalists.  (see Arthur Burns and the Nixon years for how that can go very wrong)

Link to comment
Share on other sites

2 minutes ago, SilentWorld said:

I can’t remember — is Herman Cain the “uzbekibekibekistan” guy or the “pyramids were giant granaries” guy? 




The pyramids guy already has a cabinet position.

  • Haha 2
Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

  • Recently Browsing   0 members

    • No registered users viewing this page.
  • Create New...