Everand Logo

Welcome to Everand!

  • Los Angeles Times

    Herman Cain, Trump's next pick for the Fed, embraces the stupidest idea in economic policy

    by Michael Hiltzik, Los Angeles Times Apr 05, 2019 5 minutes

    Economic policy experts rolled their eyes at President Trump's last reported nominee for the Federal Reserve Board, Stephen Moore, a right-wing ideologue with an almost unblemished record of getting his facts and economics wrong.

    But news of Trump's choice for a second vacancy on the seven-member board has them distinctly nervous. It's Herman Cain, a former pizza chain executive best known for staging a clownish campaign for the 2012 Republican nomination for president (he dropped out after accusations of sexual harassment surfaced).

    What makes economists so wary about Cain is his advocacy of one of the dumbest ideas on the monetary landscape - a return to the gold standard. Cain spoke up for the gold standard in a notorious May 2012 op-ed in the Wall Street Journal and in a book published around

    You’re reading a preview, subscribe to read more.

    More from Los Angeles Times

    Los Angeles Times3 min readPoverty & Homelessness
    Editorial: High Electric Bills Threaten California’s Clean Future. This Plan Would Help
    California has some of the nation’s highest electricity rates, and power bills are rising fast. That’s a problem because it makes it harder for people to afford switching from fossil fuels to clean electric cars and appliances that are essential to c
    Los Angeles Times3 min readDiscrimination & Race Relations
    Citing Safety Concerns, USC Cancels Pro-Palestinian Valedictorian's Graduation Speech
    Saying "tradition must give way to safety," USC on Monday made the unprecedented move of canceling the upcoming graduation speech of an undergraduate valedictorian who has come under fire for her pro-Palestinian views. The move, according to USC of
    Los Angeles Times2 min read
    NASA Takes Ownership Of Space Junk That Crashed Into Florida Home
    A Florida homeowner was treated to a shocking surprise when a jettisoned piece of metal from the International Space Station crashed into his home in March. On Monday, the National Aeronautics and Space Administration confirmed the space station was

    Related Books & Audiobooks