Why Fed Bugs Really, Really Hate Gold

By Jeff Deist

​Judy Shelton, a Trump nominee to the Fed Board of Governors, may not have coined the excellent term "Fed bug," but she used it to delicious effect in this 2019 Financial Times interview:

“People call me a goldbug, and I think, well, what does that make them? A Fed bug,” she says.

Can anyone the ​New York Times attacks this dishonestly be all bad?

For our purposes, Fed bugs are people with a faith-based belief in the power of central banks (and central bankers) to engineer e...