Money is the basis of every transaction we make, and is therefore one of the most crucial elements in maintaining a strong economy. It is therefore vital that we preserve sound money that is not subject to sudden fluctuations in value. That’s why we support the freedom of Americans to use anything they like as money, and the power of free markets to set interest rates instead of the central authority of the Federal Reserve.
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The recent Democrat-led opposition to Stephen Moore’s potential nomination to the Fed Opens a New Window. Board is proof the Left has reached peak Trump Derangement Syndrome. It is the same madness that led Herman Cain to withdraw his name from consideration. If unchecked, it could scare the next generation of talented people away from public service Opens a New Window. .
John Tamny, FreedomWorks Director of the Center for Economic Freedom discusses why Steve Moore is the best choice to change the group-think problem on the Federal Reserve Board.
In choosing Stephen Moore as a potential nominee to serve on the Federal Reserve Opens a New Window. Board of Governors, President Trump Opens a New Window. made a good faith gesture to the American people to bring more transparency to the Federal Reserve.
Owners of Bitcoin have endured a wild ride in recent years. While the coin could fetch $900 when 2017 began, one year later its value briefly moved above $20,000. At present, one Bitcoin exchanges for roughly $5,000.
Similar to President Trump Opens a New Window. , Stephen Moore is an anti-establishment voice and critic of the D.C. swamp. It should come as no surprise that economists who never stray from mainstream, “acceptable” positions on the role of the Federal Reserve Opens a New Window. are also vehemently opposed to Moore’s nomination to the Federal Reserve Board of Governors. After all, to challenge the Fed’s orthodoxy is to challenge the Washington establishment.
President Trump recently nominated Stephen Moore to the Federal Reserve’s Board of Governors, the most qualified and skilled Fed board candidate in years.
WASHINGTON, D.C. -- In response to President Trump’s offer to Stephen Moore, FreedomWorks Senior Economic Contributor, to join the Federal Reserve Board, FreedomWorks President Adam Brandon, commented:
“Businesses, like people, seldom if ever fail solely because of lack of money. They fail because of a lack of ability, judgment, wisdom, ideas, organization, leadership. When these qualities are present, money is seldom a problem.” – Warren Brookes, The Economy In Mind
