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2010-08-22 — blogspot.com
A nice window into the typical corruption at the Fed. Former Fed Governor Frederic Mishkin was paid $124,000 in 2006 to write a glowing report on Iceland. He never bothered to disclose that fact. Moreover, the title of his report has since been changed from "Financial Stability in Iceland" to "Financial Instability in Iceland". What's up with that? ... Unfortunately, being a economic fool, a Keynesian clown or a monetarist clown is not grounds for dismissal from either the Fed or Academia. However, unethical actions are (or at least should be) grounds for dismissal. It is simply unconscionable for someone at that level to author an academic "research paper" without admitting they were paid to do so. source article | permalink | discuss | subscribe by: | RSS | email Comments: Be the first to add a comment add a comment | go to forum thread Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately. |