(Community Matters) Professor Michael Brandl’s facebook posting:
Here is my summary of what Richard Fisher of the Dallas Fed has to say:
– Rating agencies are idiots: don’t trust them.
– Quant jocks of finance really aren’t that smart.
– Always worry about inflation.
– TARP is a bad idea. [Michael & I have a different interpretation of what Fisher said]
– Fed should becareful not to monetize the public debt.
– Risk analysis isn’t just math (where have you heard that one before?)
– Keep politics out of central banking.
– Let the market punish the stupid and greedy. In short: Fisher is yet another brilliant economist in Texas!
referring to online WSJ article interviewing Dallas FED Chairman, Richard Fisher.
Community Matters 