Paul Krugman on Trumps nominee for the Fed Chair: Kevin Warsh

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First, Warsh married into great wealth. Specifically, he married the daughter of Ronald Lauder, the cosmetics billionaire — who, bizarrely, is a key figure behind Donald Trump’s obsession with Greenland.

Second, he has always been very good at ingratiating himself with influential people.

Third, he’s an effective bullshitter. Sorry for the technical language, but I can’t find another way to say it. Listen to Warsh on economic policy, and he throws around a lot of big words that presumably sound impressive to people who don’t know anything about the subject. But there’s no coherent argument behind the verbiage.

Fourth, he’s a Republican loyalist, who always wants to slam the economic brakes when Democrats are in power and step on the gas when Republicans rule.

Fifth, as I highlighted in the Truth Social post screenshotted at the top of this piece, Donald Trump thinks he looks the part.

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1. Well if Trump gets his way

There will be precedence to get rid of him in the future.

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2. Prime Minister Carney gives him a thumbs up

I guess Carney knows there were far worse picks out there.

Reminder- Carney was head of both the Bank of Canada and the Bank of England.