How The Federal Reserve Bought The Economics Profession.

[Nostop it]

http://www.huffingtonpost.com/2009/0..._n_278805.html

"The pharmaceutical industry has similarly worked to control key medical journals, but that involves several companies. In the field of economics, it's just the Fed."

Affiliations with the Fed have become the oxygen of academic life for monetary economists. "It's very important, if you are tenure track and don't have tenure, to show that you are valued by the Federal Reserve," says Jane D'Arista, a Fed critic and an economist with the Political Economy Research Institute at the University of Massachusetts, Amherst.

This explains the minimum wage debate, there should be none, minimum wage had been settled for years until these modern economists brought it back up again. This explains why the definition of inflation was changed. This explains the return of keynesian economics. This explains the hate for the gold standard.

[Wells]

Yes but what explains why kids eat Applejacks?

[Kulanae]

The gold standard was never really a standard. Most countries before WWII held British Pounds Sterling as their reserve currency. All being on the gold standard did for the U.S. was diminish our gold reserves when nations started being petty and demanding repayment in gold for dollars held. The dollar still held its value even after President Nixon took us off the gold standard.

This thread just smacks of conspiracy theory.

[Crissi]

Yes but what explains why kids eat *Applejacks?

*cinnamon toast cruch. Know your cereals, you commie!

[Wells]

*cinnamon toast cruch. Know your cereals, you commie!

Stop trying to crush my free speech.

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This explains the minimum wage debate, there should be none, minimum wage had been settled for years until these modern economists brought it back up again

Yes it was settled. It was there and it provided a decent living. Its in the foreground again because its been allowed to deteriorate.

This explains why the definition of inflation was changed.

Your nonsense here has been entertained enough.

This explains the return of keynesian economics

They never left baby.

This explains the hate for the gold standard.

Gold standard is just stupid. Like seriously stupid.

[Aeluron Lightsong]

The only thing that might be bought is you.