by Tho Bishop
Mises.org
Presumptive Republican nominee Donald Trump has made headlines with comments he made to CNBC on monetary policy and the debt.
Yesterday I had written an article praising Trump for past statements on the dangers of the Fed’s current low interest rate policy. Unfortunately, The Donald then went on to make a strong endorsement of the monetary status quo, indicating that his main criticism of Fed Chairman Janet Yellen was her political party:
I have nothing against Janet Yellen whatsoever. I don’t know her. She’s a very capable person. People that I know have a very high regard for her. But she’s not a Republican….
She’s a low-interest-rate person, she’s always been a low-interest-rate person. And I must be honest, I am a low-interest-rate person. If we raise interest rates, and if the dollar starts getting too strong, we’re going to have some very major problems.