Ep. 184 What Is Trump Doing to the Fed?
Krugman is very unhappy about the nominations of Stephen Moore and Herman Cain to the Federal Reserve’s Board of Governors. (Cain’s nomination now seems likely to be abortive.) Krugman devotes particular attention to Moore, whom he considers a partisan hack who changes his recommended policy depending on who is in power. We consider Krugman’s accusations, and also discuss what the best monetary policy is regardless of the state of the economy.
“Why Does Trump Want to Debase the Fed?” (April 8, 2019)
Bob’s qualified defense of Moore/Laffer from George Selgin’s critique.
Bob’s debate challenge to Krugman:
The Fed on Trial at FreedomFest (Bob gets a hug from Kennedy around 10:40)
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