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Trump meets with former bank CEO who is pro gold standard
Posted on 11/29/16 at 3:08 pm
Posted on 11/29/16 at 3:08 pm
Could Trump be preparing to attack the fed and name Allison treasury secretary?
Trump meets Allison
As President-elect's Donald Trump's transition rolls on, more and more attention is being paid to possible selections for a variety of high-ranking positions and meetings that might help decide these appointments.
On Monday, Trump will meet with John Allison, the former CEO of the bank BB&T and of the libertarian think tank the Cato Institute.
There have been reports that Allison is being considered for Treasury secretary.
Trump's has on the campaign trail questioned the future of the Federal Reserve's political independence, but Allison takes that rhetoric a step further. While running the the Cato Institute, Allison wrote a paper in support of abolishing the Fed.
"I would get rid of the Federal Reserve because the volatility in the economy is primarily caused by the Fed," Allison wrote in 2014 for the Cato Journal, a publication of the institute......
Trump meets Allison
As President-elect's Donald Trump's transition rolls on, more and more attention is being paid to possible selections for a variety of high-ranking positions and meetings that might help decide these appointments.
On Monday, Trump will meet with John Allison, the former CEO of the bank BB&T and of the libertarian think tank the Cato Institute.
There have been reports that Allison is being considered for Treasury secretary.
Trump's has on the campaign trail questioned the future of the Federal Reserve's political independence, but Allison takes that rhetoric a step further. While running the the Cato Institute, Allison wrote a paper in support of abolishing the Fed.
"I would get rid of the Federal Reserve because the volatility in the economy is primarily caused by the Fed," Allison wrote in 2014 for the Cato Journal, a publication of the institute......
8
Posted on 11/29/16 at 3:09 pm to notsince98
Big banks and Wallstreet probably freaking out
Posted on 11/29/16 at 3:09 pm to tke857
quote:
Big banks and Wallstreet probably freaking out
Let's hope this is trumps first good appointment.
Posted on 11/29/16 at 3:10 pm to notsince98
The day he goes after the fed is the day he is assassinated
Posted on 11/29/16 at 3:11 pm to MrCarton
Wow. I could get behind this.
Posted on 11/29/16 at 3:14 pm to OBReb6
This is where Pence comes in handy.
Not only is Pence very competent, I think he scares the shite out of all the right people should someone actually take out The Donald.
Just short of taking both of them out and getting Ryan, I don't see that strategy working for them.
Not only is Pence very competent, I think he scares the shite out of all the right people should someone actually take out The Donald.
Just short of taking both of them out and getting Ryan, I don't see that strategy working for them.
Posted on 11/29/16 at 3:16 pm to notsince98
End the fed President elect Trump. Do it. MAGA
Posted on 11/29/16 at 3:18 pm to notsince98
So we want to go back on the gold standard now? What in the world for? 
Posted on 11/29/16 at 3:27 pm to notsince98
quote:
Trump's has on the campaign trail questioned the future of the Federal Reserve's political independence, but Allison takes that rhetoric a step further. While running the the Cato Institute, Allison wrote a paper in support of abolishing the Fed.
"I would get rid of the Federal Reserve because the volatility in the economy is primarily caused by the Fed," Allison wrote in 2014 for the Cato Journal, a publication of the institute......
Some libertarians understanding of the impacts of US monetary policy only takes place between 1929 and current year.
Its like the whole period before that was just some fugue state where we traded rocks.
Posted on 11/29/16 at 3:34 pm to tke857
quote:But then they were fine once they realized Trump was meeting with the Goldman Sachs CEO today.
Big banks and Wallstreet probably freaking out
Posted on 11/29/16 at 3:43 pm to DavidTheGnome
quote:
So we want to go back on the gold standard now? What in the world for?
Is this a serious question?
Posted on 11/29/16 at 3:45 pm to DavidTheGnome
quote:
So we want to go back on the gold standard now? What in the world for?
To give the entire world access to our gold reserves.
Obviously.
Posted on 11/29/16 at 4:14 pm to notsince98
quote:
Is this a serious question?
You honestly have a serious answer on why we should go back to the gold standard?
Posted on 11/29/16 at 5:10 pm to notsince98
quote:
On Monday, Trump will meet with John Allison, the former CEO of the bank BB&T and of the libertarian think tank the Cato Institute.
I've seen him talk a few times. Seems like a smart man.
quote:
pro gold standard
Sigh...
Posted on 11/29/16 at 5:41 pm to DavidTheGnome
quote:
So we want to go back on the gold standard now? What in the world for?
I don't.
Posted on 11/29/16 at 5:43 pm to MrCarton
quote:
Let's hope this is trumps first good appointment.
He has already made several. This brands you as non-serious.
Posted on 11/29/16 at 5:43 pm to cokebottleag
quote:
Some libertarians understanding of the impacts of US monetary policy only takes place between 1929 and current year.
I haven't noticed this trend.
quote:
Its like the whole period before that was just some fugue state where we traded rocks.
The baseline of most libertarians' economic perspective comes from well before 1929. I am not really sure what you are talking about to be honest.
Posted on 11/29/16 at 5:44 pm to gthog61
quote:
He has already made several. This brands you as non-serious.
LOL. I'm just a non-cuck.
I'm going to start calling you Trumpsters "cuckitarians"
Posted on 11/29/16 at 5:55 pm to notsince98
Why would we go back to the Gold Standard?
Posted on 11/29/16 at 6:07 pm to theenemy
Going back to the gold standard makes zero sense. There would be tons more volatility in the economy with a fixed money supply. The Fed has definitely made mistakes in the past, but I can't take anyone seriously who believes that they do more harm than good. I'd love to hear a plausible, factual economic argument as to why I'm wrong, but I don't think there is one. It's no coincidence that pretty much every reputable economist is against the gold standard. I can't see the basis for support, other than to just be contrarian. I am 99% in agreement with Rand Paul, but this is one area we disagree.
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