Why Fed Bugs Really, Really Hate Gold

Judy Shelton, a Trump nominee to the Fed Board of Governors, may not have coined the excellent term “Fed Bug,” but she used it to delicious effect in this 2019 Financial Times interview:
People call me a goldbug, and I think, well, what does that make them? A Fed bug, she says.
Can anyone the New York Times attacks this dishonestly be all bad?
For our purposes, Fed Bugs are people with a faith-based belief in the power of central banks (and central bankers) to engineer economic growth using “…

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