Likely Federal Reserve nominee Stephen Moore tried to flip-flop on his opinion of the gold standard Thursday night on CNN — unfortunately for him, host Erin Burnett was armed with a damning montage.
Stephen Moore tries to flip-flop on the gold standard — but Erin Burnett is prepared and armed with a montage of his past statements pic.twitter.com/zinryasQFH
— TPM Livewire (@TPMLiveWire) April 12, 2019
Moore has frequently found himself in the spotlight lately, and not in a good way. Economists of all stripes bashed him as comically under-qualified for the position, and many see him as a Trump toady being considered for the position more due to his loyalty than his chops.
Moore’s fellow potential nominee, Herman Cain, is not faring much better. Multiple Senate Republicans said that they would not support his nomination Thursday, raising expectations that Cain will withdraw his name from consideration.
I had not yet stopped laughing when this scrolled up:
When it comes to his nominees, idiocy is a feature, not a bug for tRump.
Using a fetish commodity to anchor your economy instantly empowers the countries that have the particular commodity. Gold, you say? China, Australia and Russia all have more extractable gold than does the USA.
“Trump toady” accurately describes every single one of his nominees and includes the GOP majority which continues to confirm them. See, e.g., David Bernhardt.
With that gray hair, glasses, and sharp jaw-line, he’s straight out of central casting for the Fed.
Who cares about a silly thing nobody understands like economics?