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Say Less. Dear God, Say Less
I'm not someone who engages in gratuitous Fed criticism for the sake of it, and I don't generally care for people who do.
Scapegoating technocrats is in some ways cowardly, but it's also unimaginative, which is worse in my book. In another life, I very briefly made a "career" of overwrought Fed opprobrium. It wasn't a particularly enjoyable "profession."
That said, I still lodge complaints on a fairly regular basis, some of them serious, some of them more pedantic. Over-communication falls int
https://abcnews.go.com/ThisWeek/Politics/transcript-alan-greenspan/story?id=8743279
https://www.ft.com/content/25ebae9e-3c3a-11e3-b85f-00144feab7de
At least in Greenspan’s time and in his way of communicating we had ambiguity, clues to puzzle out and intellectual market discussions on economics.
Excellent. Not only is the Fed potentially undermining the public interest with its parlor game, but how much of the Fed’s overall time and budget are being directed towards travel and these repetitive, largely anodyne speaking engagements? More analyzing, less yapping, please