Judy Shelton: Trump, the Next Fed Chair and the Gold Standard | Summary and Q&A

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November 1, 2017
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Investing News
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Judy Shelton: Trump, the Next Fed Chair and the Gold Standard

TL;DR

Economist Jody Shelton discusses President Trump's pro-growth economic agenda, including tax reforms and reducing regulations, while also advocating for a more stable international monetary system, potentially through a return to the gold standard.

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Questions & Answers

Q: What are some key aspects of President Trump's economic agenda that the economist supports?

The economist supports reducing regulations and tax reforms to create a more favorable business environment for corporations and improve conditions for workers.

Q: Why does the economist believe addressing exchange rate shifts is crucial?

The economist highlights the impact of currency manipulation on fair competition in the international marketplace and suggests the need for fundamental monetary reform to account for these shifts.

Q: What qualities should the next Federal Reserve chairman possess?

The next chairman should be sensitive to market dynamics, exchange rates, and achieve consensus among board members. Continuity and reassurance to financial markets are also important considerations.

Q: What are the economist's thoughts on a potential return to the gold standard?

The economist supports the idea of a gold standard for monetary discipline, stability, and as a foundation for productive economic growth. A unified money system and a rule-based approach are advocated for a level monetary playing field.

Summary & Key Takeaways

  • Economist Jody Shelton supports President Trump's economic agenda, particularly the reduction of regulations and tax reforms, which he believes will create a more attractive environment for corporations and benefit the workers.

  • Shelton emphasizes the importance of addressing exchange rate shifts and currency manipulation to ensure fair competition in the international marketplace.

  • The selection of the next Federal Reserve chairman is crucial, with potential candidates being evaluated based on their ability to achieve consensus among board members, sensitivity to markets, and understanding of exchange rates.

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