The defeat of Steve Moore's candidacy for a governorship of the Federal Reserve invites a strategic look at the fight over our central bank. This fight has, after all, been brewing a long time -- since, in our view, 1971, when President Nixon closed the gold window and ended the era of Bretton Woods, when the dollar was redeemable by foreign governments for a 35th of an ounce of gold. (Since which the value of the dollar has plunged more than 97 percent.)
We share the Wall Street Journal's admiration for Mr. Moore. It is denouncing, in tomorrow's edition, the low tactics used against Mr. Moore. It notes that Democrats will never forgive Mr. Moore for being right on taxes. We've admired his preparedness to ask "basic, even radical questions about our monetary system, such as whether we need the Federal Reserve in the first place." ...
... For the remainder of the commentary:
https://www.nysun.com/editorials/the-federal-...ve-fight/90670/
