Mr. “King Dollar” Takes The CEA

Congrats to Larry Kudlow,  a good guy (though a supply side ideologue),  as reports pour in that President-elect Trump will appoint him to head up the Council of Economic Advisors (CEA).

He has always advocated a strong dollar, or “King Dollar” as he likes to say,  and is kind of a “rules based”  hard money guy with respect to his views on monetary policy.   This makes us even more convicted that Stanford professor,  John Taylor, the author of the Taylor Rule, will be the next Federal Reserve Chairman.

More headwinds for gold, by the way.

Pres.-elect Trump plans to appoint CNBC contributor Larry Kudlow the chairman of his White House Council of Economic Advisers, according to the Detroit News. Conservative economist Stephen Moore disclosed Kudlow’s appointment during a speech to the Lansing Regional Chamber of Commerce today.

The CEA, established by Congress in 1946, “is charged with offering the President objective economic advice on the formulation of both domestic and international economic policy.” It is comprised of three people: a chairman and two members. – CNBC

kudlow

Kind of surprising Kudlow doesn’t have a Ph.D. in economics.  In fact,  Wikipedia reports:

Kudlow graduated from University of Rochester in Rochester, New York with a degree in history in 1969.[4] Known as “Kuddles” to friends, he was a star on the tennis team and a member of the left-wing Students for a Democratic Society at Rochester.

In 1971, Kudlow attended Princeton University‘s Woodrow Wilson School of Public and International Affairs, where he studied politics and economics. He left before completing his master’s degree.[5]

 

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