When Doves Cry: Kocherlakota Is Worried That The Fed Has Abandoned You

When Doves Cry: Kocherlakota Is Worried That The Fed Has Abandoned You

Right, so former Minneapolis Fed chief Narayana Kocherlakota is fun. This is a guy who, if you ask him, will tell you the story about his dramatic transformation from hawk to dove. According to Kocherlakota, that shift was inspired by a realization that the real world is different from academia. See, it turns out that this thing called "unemployment" that Kocherlakota used to read about in his economics books is real. That is, there are actually people who don't have jobs. Joblessness isn't a
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One thought on “When Doves Cry: Kocherlakota Is Worried That The Fed Has Abandoned You

  1. The problem is you can’t rely on the unemployment numbers these guys use. You have to look to the One and Only for the truth one that score: “Don’t believe these phony numbers,” Trump told supporters early last year. “The number is probably 28, 29, as high as 35 [percent]. In fact, I even heard recently 42 percent.” So you can bet those are the numbers to count on.

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