President Trump has nominated economist, former Reagan aid and Kudlow protégé David Malpass to be the new head of the World Bank.
When I saw that I thought Malpass was a good choice, but then folks in the media went to work and uncovered quotes which show that Malpass has been a frequent critic of the agency. So: I’ve changed my mind. Now I think he’s a perfect choice!
The World Bank was founded at the end of World War II to—initially—administer an international gold standard with a stable dollar at the center. But since the end of that standard, it’s become a honey pot for 3rd world dictators and green crony capitalists. Malpass is just the right guy to return it to its original purpose, blowing the whistle on monetary debasement, and giving 3rd world countries advice on how to shrink the size of their governments.Read More »