Update on the petition of "scholars" who believe the Fed's status quo is the only way to maintain their tenure. The full list for your convenience. Alas, Ben Dover from DeVry is nowhere to be found in the list... Correction - he is, #58. Also, #29 is not all that surprising. #33 and #215 were, of course, to be expected.
Additionally, the organizer of this whole shindig seems to be Anil Kashyap of Chicago Booth. Is it at all surprising that his bio has the following data:
Prior to joining the Chicago Booth faculty in 1991, Kashyap spent three years as an economist for the Board of Governors for the Federal Reserve System. He currently works as a consultant for the Federal Reserve Bank of Chicago, and serves as a member of the Economic Advisory Panel of the Federal Reserve Bank of New York, and as a Research Associate for the National Bureau of Economic Research (NBER).
Kashyap serves as co-organizer of the NBER's Working Group on the Japanese Economy and of the NBER’s Working Group on the Functioning of Financial Firms and Resolution of their Distress, is a member of both the American Economic Association and American Finance Association, and cofounded the U.S. Monetary Policy Forum. He is one of the two faculty directors of the Chicago Booth’s Initiative on Global Markets.
We think not.