there's no doubt that the Fed's important in influencing the opinions of macroeconomists and monetary economists (two overlapping sets). This has been an increasing phenomenon since the US abandoned the Bretton Woods fixed-exchange rate system: before that, the Fed wasn't doing much in the way of domestic macropolicy. The Fed, in my experience (having worked as a clerk there), is quite lavish in the benefits it provides to its upper staff. After all, they normally make a big profit off of their holdings of T-bills.
Max Sawicky wrote: > Membership has its privileges. > > http://www.huffingtonpost.com/2009/09/07/priceless-how-the-federal_n_278805.html -- Jim Devine / "laugh if you want to / really is kinda funny / cause the world is a car / and you're the crash test dummy" -- Devil Makes Three. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
