The Fed nominee also thinks the Fed is the “biggest risk” to the economy
into doing for over a year now. Third, she’s called the Fed the “biggest risk” to the economy,said things like, “How can a dozen, slightly less than a dozen, people meeting eight times a year, decide what the cost of capital should be versus some kind of organically, market-supply determined rate? The Fed is not omniscient. They don’t know what the right rate should be. How could anyone?” She also favors a return to the gold standard andMs.
fully abandoned in the early 1970s in favor of a flexible exchange rate for the dollar. “People call me a goldbug, and I think, Well, what does that make them? A Fed bug,” she says. Her big dream is a new Bretton Woods–style conference —“if it takes place at Mar-a-Lago that would be great”—to reset the international monetary system, replacing the current regime, mostly based on floating currencies. Ms.
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