President Trump recently nominated Judy Shelton to the Federal Reserve Board of Governors. She is the U.S. director for the European Bank for Reconstruction and Development, which I had never heard of until her nomination.
Shelton is a Republican and believes in the adoption of a gold standard. She currently believes in lowering interest rates, after spending the Obama years criticizing the Fed for lowering interest rates.
You may wonder how a person can be in favor of a gold standard and also for lowering interest rates at the same time. I am wondering that, too.
I think some folks had fun with Dr….