Judy Shelton’s support for a gold standard will likely change nothing if she joins the Fed. Alan Greenspan was a long-time advocate of the gold standard prior to his becoming Chairman. That did not stop him from sacrificing his principals to appease markets and politicians.
Highlight: “All these Fed chairman can learn from the maestro Alan Greenspan and talk less and just let the notes speak for them,” says @GeorgeSeayTX . “Whether it’s Yellen, Bernanke, or Powell, they tend to stick their foot in their mouth more than do good when they speak.”
Former Fed chairman Alan Greenspan is "beginning to see the first signs" of inflation in the U.S. economy.