The Example of Marvin Goodfriend: If You Work Hard and Get Everything Wrong, You'll Rise to the Top

Actually, I really have no idea how hard Marvin Goodfriend works, but he did get everything wrong. Paul Krugman has a nice piece on Goodfriend, who is Trump's nominee to be a governor of the Federal Reserve Board.

In this position, Goodfriend will have a major role in setting the country's monetary policy. Goodfriend had been a persistent critic of the Fed's efforts to boost the economy, expressing serious concerns about runaway inflation in the early days following the crash. He also thought...

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Published on January 23, 2018 21:25
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