People just assume they must have a deep understanding of economics and monetary policy to get a job heading up the Fed. But in reality, the reason they rose to that position has more to do with political connections than economic competency.
BROADCASTING FOR INDEPENDENCE
People just assume they must have a deep understanding of economics and monetary policy to get a job heading up the Fed. But in reality, the reason they rose to that position has more to do with political connections than economic competency.