It’s easy—perhaps too easy—to dismiss Donald Trump’s views on monetary policy. After all, he is not a trained economist, nor does he possess any obvious background in the theory or practice of central banking. So when he calls for lower interest rates or lambasts the Fed chair for doing “too little too late,” the usual response from the commentariat is a mixture of eye-rolling and hand-wringing about political interference. But let’s not conflate poor credentials with poor judgment.