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The Federal Reserve Fight
05-03-2019, 01:47 AM,
The Federal Reserve Fight
The Federal Reserve Fight

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.* We share the Wall Street Journal's admiration for Mr. Moore. It is denouncing, in tomorrow's edition, the...

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