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Originally Posted by Adder
Yes, but which ones are saying "we should think about going back on a gold standard," "the fed shouldn't use monetary policy to influence growth", "the value of the dollar must be maintained at all costs" and "once it prints money, the fed doesn't really have the tools to control inflation?"
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According to Bruce Bartlett,
Mike Pence has been watching Larry Kudlow.
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There relatively small consituencies out there for these ideas, but I think they have been pretty far outside the mainstream. Why do they seem to be floating back into fashion now?
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I want to say that the tough economic times push people to question the orthodoxies that let them down, but I don't believe that Mike Pence is feeling the effects of the tough economic times, and he certainly doesn't seem to be questioning free-markets orthodoxies.
Conservative politicians feel a need to disagree with Obama, and then they go and find economists to do that. It's why you see a renewed interest in the Austrians. Mainstream Republican economists just shut up and let them do the wacky stuff, in order to maintain their own chances of future employment.
