Commentary: The Fed doesn't need backward-looking businessmen like Herman Cain pushing half-baked tax policies
div > div.group > p:first-child"> As many of us who follow the Federal Reserve have already suggested we'd like to see even less of Stephen Moore, President Donald Trump plans to nominate pizza executive and former presidential candidate, Herman Cain, to the Fed's Board of Governors.
Assuming that argument has long since been put to rest may be as premature as Mark Twain's once purported passing. Backward-looking businessmen and quasi-economists who push half-baked tax policies that benefit the very few, are plentiful. We need ideas and economic policies that push progress forward, not into some romanticized past period.
The arguments in favor of MMT in so-called"academic literature" are both specious and entirely untried, except in Weimar Germany, among other nations that tried to devalue their way to prosperity.
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