Monday, December 19, 2016

Trump's Pick for OMB is a Fed-Hater and Bitcoin Fan

Mother Jones reports:
Rep. Mick Mulvaney (R-S.C.), the ultra-conservative congressman tapped by Donald Trump to run the Office of Management and Budget, recently accepted a speaking invitation from the notorious John Birch Society... Mother Jones obtained audio of Mulvaney's speech to the John Birch Society chapter. In the speech, Mulvaney blasted the Federal Reserve, saying its actions have "effectively devalued the dollar" and "choke[d] off economic growth." He praised bitcoin as a currency that is "not manipulatable by any government." He told his audience, "You all put out some really good stuff and it's always interesting." He said he was "looking forward to reading The Shadows of Power," a 1988 book by James Perloff with the subtitle "The Council on Foreign Relations and the American Decline."
This could be Donald Trump's most interesting pick, though, as head of the Office of Management and  Budget, Mulvaney won't have any direct say regarding the Fed or its policies.


1 comment:

  1. done hearing arguments Hillary would've been better than Trump. That case is closed. Time to move on.