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Trump's rumored Fed pick is poking an uncomfortable truth about our monetary system
President Trump's next Federal Reserve pick could pose an existential problem for the central bank. Judy Shelton, a former economic advisor to Trump, has not been officially nominated. But her opinions are already making waves. She wants to return to some sort of a gold standard. And in a recent interview, Shelton described the Fed's power to set interest rates as a kind of Soviet-style central planning: "How can a dozen, slightly less than a dozen, people meeting eight times a year, decide what the cost of capital should be versus some kind of organically, market supply determined rate?" she asked, "We might ... (full story)
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Confucius: the man who broke the mountain was the same man who started ...
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Carbon-Dioxide: the gas of life!
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Learn, a forex trader must, unlearn and relearn he will.
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Carbon-Dioxide: the gas of life!