Quote of the Day: Crackpot Having a Hard Time Getting Confirmed to Fed

Stefani Reynolds/CNP via ZUMA

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From Sen. John Kennedy, after a confirmation hearing this morning for Judy Shelton:

Nobody wants anybody on the Federal Reserve that has a fatal attraction to nutty ideas.

I’m not so sure about that. Shelton is a crackpot and a partisan hack, but there are still plenty of Republicans who are apparently unconcerned about giving her a Fed seat.

But that’s business as usual. What’s not usual is that there are actually a few Republican senators who are uncomfortable with Shelton and may block her confirmation. If that happens, she’d be the fifth Trump Fed nomination to fail even though Republicans control the Senate.

What this means is that Republicans are willing to confirm practically anyone Trump nominates for anything except for seats on the Fed. For some reason, a few of them still take that seriously. Why?

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REAL QUICK, REAL URGENT

Minority rule, corruption, disinformation, attacks on those who dare tell the truth: There is a direct line from what's happening in Russia and Ukraine to what's happening here at home. And that's what MoJo's Monika Bauerlein writes about in "Their Fight Is Our Fight" to unpack the information war we find ourselves in and share a few examples to show why the power of independent, reader-supported journalism is such a threat to authoritarians.

Corrupt leaders the world over can (and will) try to shut down the truth, but when the truth has millions of people on its side, you can't keep it down for good. And there's no more powerful or urgent argument for your support of Mother Jones' journalism right now than that. We need to raise about $450,000 to hit our online fundraising budget in these next few months, so please read more from Monika and pitch in if you can.

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