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Why is an economist for the Richmond Federal Reserve worried about internet bloggers?
http://blogs.telegraph.co.uk/finance/ambroseevans-...
Like a mad aunt, the Fed is slowly losing its marbles.
Kartik Athreya, senior economist for the Richmond Fed, has written a paper condemning economic bloggers as chronically stupid and a threat to public order.
Matters of economic policy should be reserved to a priesthood with the correct post-doctoral credentials, which would of course have excluded David Hume, Adam Smith, and arguably John Maynard Keynes (a mathematics graduate, with a tripos foray in moral sciences).
“Writers who have not taken a year of PhD coursework in a decent economics department (and passed their PhD qualifying exams), cannot meaningfully advance the discussion on economic policy.”
LOL
Right, we should keep listening to the economists that brought on and failed to see this debacle, shouldn't we? And if other points of view ARE invalid, why would a paper be needed pointing it out?
