The Donald Got That Right—But For The Completely Wrong Reason!

The Donald is so dead wrong about monetary policy (and most else in economics) that he has come all the way around the barn….. to the right conclusion!

Echoing Jim Cramer’s famous rant in August 2007 and your editor’s repeated tirades in recent times (which are diametrically opposed as to the policy implications), the Donald tweeted out some real monetary zingers over the weekend, saying the “Federal Reserve doesn’t know what it is doing” and that it is sticking to its wrong headed policies like a “stubborn child”.

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