Philanthropy

Priceless: How the Federal Reserve Bought the Economics Profession (Ryan Grim, 2009. HuffPost Reporting)

“The Federal Reserve, through its extensive network of consultants, visiting scholars, alumni and staff economists, so thoroughly dominates the field of economics that real criticism of the central bank has become a career liability for members of the profession, an investigation by the Huffington Post has found” (Ryan Grim, 2009). “The Fed also failed to sufficiently regulate major financial institutions, with Greenspan — and the dominant economists — believing that the banks would regulate themselves in their own self-interest” (Grim, 2009).

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