But I thought that monetary policy was a bit different. I imagined that Ryan, who once asserted that he had learned all he needed to know about monetary policy from Atlas Shrugged, might actually believe what he was saying about the Fed. Republican posturing on monetary policy was as insincere as the party’s posturing on fiscal policy. We now have to see the party’s 2010-2011 demands for tight monetary policy, like its demands for tight fiscal policy, as reflecting not economic principles, but rather a desire to sabotage Barack Obama. You see, Donald Trump’s attempt to install Stephen Moore at the Fed failed for the wrong reason.

Source: New York Times May 04, 2019 15:33 UTC