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0 sats \ 2 replies \ @Rothbardian_fanatic OP 31 Jul \ parent \ on: 400 Ph.D. Economists vs. One Shiny Rock econ
Yes, especially since they are researching into something that can never happen: stable prices! They can never be stable, no matter what the FED would wish for because entrepreneurs will find ways to make things better and cheaper! All they are doing is screwing up the economy by interfering in previously voluntary exchanges in the economy. How do they think they can meet these two goals and the third, unspoken goal?
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20 sats \ 1 reply \ @Undisciplined 31 Jul
His point is that many of them aren't doing research that has anything to do with money. I think about half of the Fed economists do completely unrelated research.
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42 sats \ 0 replies \ @Rothbardian_fanatic OP 31 Jul
Yes, that is understood. They like to research labor, entrepreneurial matters, and all sorts of disconnected stuff. Neil Kashkari (sp) is a good example of the type, just watch the eyes!
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