Trump’s latest Fed picks have supported the gold standard. It’s a terrible idea - The Washington Post

Should borrowing costs go up in the United States because demand for gold has in India? Or because not as much of it is being mined in Australia? These might seem like absurd things to ask — because they are! — but they’re what we’d be even more absurdly be saying yes to if we ever adopted a gold standard like President Trump’s two latest picks for the Federal Reserve, Stephen Moore and Herman Cain, have both advocated in the recent past. ....
https://www.washingtonpost.com/us-policy/2019/04/12/trumps-latest-fed-picks-have-supported-gold-standard-its-one-worst-economic-ideas-world/