stephen moore is out with a new op-ed today saying that the media -- there was no smear campaign, what you saw on a personal note was the media reprinting lots of things steven moore has said historically. from an economic standard, whether it was how he misunderstood hyper inflation, or the fact he's said on record it would be great to have someone in the fed who agrees with the president's economic agenda, that right there is the red flag of red flags. help our audience understand the history and importance of the fed's independence. >> i'm not going to say any personal negative about steve moore. i've known him for many years. i think it's worth remembering that when president obama was in office, he nominated people to the fed, one of whole was held up and then blocked who had a nobel prize in economics and they said that person was not qualified. so to put people onto the fed board who don't have experience in monetary policy, in banking, inflation, in crisis management, any of those things, revealed that this was going to be -- it was going to be a partisanization, let's call it, of the fed. the history of the central bank in the united states and arou