Larry Lindsey and John Taylor: "PLEASE APPOINT US TO SOMETHING!! WE ARE LOYAL!!!! WE ARE NPOSTLTE PEOPLE!!!!!! PLEASE!!!!!!!!"
At some level, this is hilarious: HA HA HA!!!
Greg Mankiw has said the obvious: that Stephen Moore is not qualified to be a Fed Governor. Kevin Hassett—Kevin Hassett!—appears to are frantically trying to organize internal opposition to the nomination of a grotesquely-unqualified governor who admits he is grotesquely-unqualified. Kevin:
As the process moves forward, if Steve ends up being the nominee, he'll have good explanations for his positions. You're right that he's gone through his career being a pundit and having really interesting things to a whole range of topics, but as a nominee you have to be more careful about every little word that he says. I'm sure that he's going to be pulling back his op-eds and preparing for confirmation, should that [nomination in fact] arise..."
And so John Taylor and Larry Lindsey decide that now is the time for them to demonstrate that they are NO PLATE OF SHIT TOO LARGE TO EAT people, as far as a Republican White House is concerned. note that they do this even though they may well in so doing alienate Banking-Committee Republican senators with likely long future tenures who this it kinda important that the Fed be, you know, a functional institution. Or are all the Repubilcan senators on the Banking Committee NPOSTLTE people too?
David Patten: Trump Fed Nominee Stephen Moore Targeted by Liberal Resistance: "Moore's roster of big-name advocates include... Bush economic adviser Larry Lindsey... two-time runner-up to serve as Fed Chairman John Taylor...
#economicsgonewrong #moralresponsibility #orangehairedbaboons #monetarypolicy