“Open call” search for a new chief of the Boston FED
[Requirements: no history of trading on inside information; try your best to be a minority.
I have a candidate for you: Jeremy Rudd, see below]
https://www.reuters.com/article/usa-fed ... SL1N2QU2DM
SAVE FOR LATER…. MUST READ
[Jeremy Rudd, a CURRENT senior Fed economist, trashes the entire industry of ECONOMICS, on the Fed’s own website. He’s not a newbie rookie: He is senior adviser at the Fed Board’s research and statistics division. He has served at the U.S. central bank since 1999, having gotten his graduate degree at Princeton] :
“… the primary role of mainstream economics in our society is to provide an apologetics for a criminally oppressive, unsustainable, and unjust social order.”
“ Economists ... believe that … expectations of future inflation are a key determinant of actual inflation. A review of the relevant theoretical and empirical literature suggests that this belief rests on extremely shaky foundations, and a case is made that adhering to it uncritically could easily lead to serious policy errors “
https://www.federalreserve.gov/econres/ ... 062pap.pdf