Paul Krugman: Trump Is About to Take a Wrecking Ball to the Last Competent Government Institution Le

It's often lost in the miasma of White House backbiting and scandal, but after less than a year in office, the Trump administration has proven itself historically corrupt and incompetent. Tom Price resigned as secretary of Health and Human Services last week after bilking taxpayers to the tune of $400,000 in charter flights, while the Environmental Protection Agency's Scott Pruitt has reportedly been wining and dining corporate executives from the very industries he's meant to be regulating. Then there's Rick Perry's disastrous Department of Energy and Ben Carson's almost complete dismantling of HUD, to offer just a handful of examples.

Thus far, the Federal Reserve has avoided such ignominy. But that may soon be coming to an end, and the effect on the global economy could prove catastrophic.

In his Friday column, Paul Krugman warns of the coming Trumpification of the United States' central banking system. While Janet Yellen and past Fed chairs like Ben Bernanke have been technocrats divorced from partisan politics, this is merely a political norm. And if the last 10 months have taught us anything, there's no political norm Trump isn't willing to shatter. The president has no coherent fiscal policy to speak of, "so trying to guess his Fed choice... is a mug’s game."

https://www.alternet.org/news-amp-politics/paul-krugman-trump-about-take-wrecking-ball-last-competent-government-institution


And it has only been 10 months-------------------we are going to be f*cked