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Obama To Nominate Three Keynesians to Federal Reserve Board
From The Daily Capitalist
Here are the Obama Administration's three nominees to the Federal Reserve Board:
Janet Yellen, 63
President, Federal Reserve Bank of San Francisco
Prior Positions: Professor, University of California, Berkeley; Chair , White House Council of Economic Advisers; Governor, Federal Reserve Board
Education: Yale , Ph.D. (Economics); Brown , B.A. (Economics)
Academic Interests: Unemployment and labor markets; monetary and fiscal policies; international trade and investment policy.
Peter Diamond, turns 70 on Thursday
Professor, Massachusetts Institute of Technology
Prior positions: Professor, University of California, Berkeley
Education: MIT, Ph.D. (Economics); Yale , B.A. (Mathematics)
Academic Interests: Social Security, pensions, taxation.
Sarah Bloom Raskin, 49
Maryland Commissioner of Financial Regulation (Aug 2007 to present)
Prior positions: Managing Director, Promontory Financial Group; General Counsel, Worldwide Retail Exchange; General Counsel, Columbia Energy Services Corp; Counsel, Senate Banking Committee; Staff, Federal Reserve Bank of New York; Staff, Congress's Joint Economic Committee
Education: Harvard Law School, J.D.; Amherst , B.A. (Economics).
They are all prominent members of the Washington-Wall Street-Academia Economics Complex, whose members shift between government, Wall Street, and academia. All of the nominees are Keynesian economists. They are known as regulators, technocrats, and inflationists.
They will fly through the nomination process. This will mean that Obama will have appointed four of the seven governors of the Board.
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Ugly whore currency tries makeover?
Pimp my fraud?
Cute cat pics as currency?
Hey stop adding a story and making me post in the wrong thread.
Forget academics. Can they nod yes and keep secrets ??
Jedi Mind Trick:
(FRBNY to BO): These are the nominees.
(Loyal BO genuflection to Owners minions): These are the nominees.
(BO to Press): These are the nominees.
LMAO
The new Three Little Pigs. Or, being Keynesian banksters, maybe the Three Little Leaches would be more appropriate.
Oh, but they're academics! That makes me feel ALL better!
The Soviet Union was full of academics too, trained in the fine art of Marxist "Economics". A fat lot of good their invaluable and erudite learning did for THAT society! How much more socially useful are our own versions of those Soviet intellectual frauds? I would claim, not at all.
Their votes are necessary to ramp palladium to the moon.
I ordered their selection.
I am not sorry!!
:-)
One little two little three little keynesians....
...and you get a one huge keynesian monster FED.