Wednesday, April 17, 2019

The Moore and Cain Nomination Fiascos: What Trump Should Do

President Trump's attempt to pack the Federal Reserve with even more crazed inflationists is apparently failing.

The White House is interviewing candidates to potentially replace Herman Cain and Stephen Moore as Donald Trump’s picks for the Federal Reserve Board, according to Trump's top economic adviser Larry Kudlow.

“At the end of the day, it will probably be up to Herman Cain if he wants to stay in that process or not,” Kudlow told reporters, according to Bloomberg. “As far as we are concerned he is still in the process and it is proceeding.”

Asked whether the White House is interviewing anyone to potentially replace Cain and Moore, Kudlow said, “We are talking to a number of candidates. We always do.”

“Stephen Moore is in the process we support him,” Kudlow said. “We support Herman Cain. We will just let things play out in the vetting.”

Moore and Cain are two kooky candidates. Moore is a free market inflationist and Cain is a gold-bug inflationist. This is not normal.

But mainstream economists that are apologists for the state are not as concerned about their kooky side, inflationism, as much as they are when they do mouth something sound such as support for free markets or a gold standard.

If Trump was serious about fixing economic policy and leaving a legacy that would make America great again, he couldn't do much better than pulling the Moore and Cain nominations, forgetting about inflationist money printing policy and naming two sound monetary policy economists, Richard Ebeling and Joe Salerno, to the Fed.


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