Steven Rattner is Wrong on Judy Shelton, Gold, and the Federal Reserve
The New York Times recently published an op-ed by Steven Rattner on Dr. Judy Shelton's nomination to the Federal Reserve Board of Governors. Rattner is sharply critical of Shelton, starting with his headline: "God Help Us if Judy Shelton Joins the Fed." Steve Rattner Rattner's anodyne byline describes him as the "counselor to the Treasury secretary in the Obama administration." I am not one to disqualify people simply because they served at the behest of a political appointee, but this is cause for further investigation. (Lest there be any misunderstanding, I am just as skeptical when reading editorials from Republican political appointees and their subordinates.) I am also not keen on using Wikipedia as a source. However, this snippet from Rattner's biography is important to keep in mind as we consider his criticisms: "In the mid-1990s, he began to work actively on behalf of Democratic candidates, beginning with President Bill Clinton.&qu