Dean Baker: Note to the Candidates: Don't Forget About the Federal Reserve Board

Some of the folks watching the Republican presidential debates were struck by the fact that Donald Trump was apparently unfamiliar with the concept of the nuclear triad: that the United States maintains a nuclear force composed of land based missiles, submarine based missiles and strategic bombers that can deliver nuclear weapons. This is the sort of basic knowledge of the US military that someone hoping to be president should have.

In the same vein, there are aspects of economic policy that all the candidates should know. Unfortunately, when it comes to the Federal Reserve Board and its importance to the economy, most of the candidates seem to be failing as badly as Donald Trump did on his nuclear triad test.