She was voted down because she wants us to go back to the gold standard. Any good reason reason why we shouldn’t? Or let’s just keep printing paper and increasing our overall debt.
Well, yeah - government wouldn't be able to spend freely on anything they want.
That was one of several out-of-the-mainstream positions that she has supported in the past and seemed to backtrack on during her hearings. Regardless, even if confirmed she would be one voice out of seven on the Fed board and one voice out of twelve on the Fed Open Market Committee. Her influence would be nil.
The banking and corporate class doesn’t quite own everything yet. They must have total ivy league group think up there to keep the sheep’s focus on the Dow. Might alarm people to think they are taking over real assets and business’ through manipulation of debt instruments and lockdowns.
“She was voted down because she wants us to go back to the gold standard. Any good reason reason why we shouldn’t? “
It’s ruins the Fed Ponzi scheme.
Check out the Panic of 1893 for reasons the gold standard sucks.