What do you know about running a central bank that gives you insight on who would be good at running a central bank?
Wait, I'd like you to clarify the statement "Business experience is harmful if you are running a central bank."
I have read a lot of company reports, annual, quarterly, perspectuses —— you name it. I cannot remember one that cited fed policy, ever. I’m not saying there are none just they don’t seem to be common. Take from that what you want.
What about using the state intel agencies to overthrow your political opponents. You think that is a characteristic of a corrupt government? Here is a pop quiz that can easily be answered by anyone except the tards here: Which of the following is/was the least qualified to be appointed to their position: 1) Herman Cain for a seat on the Fed Reserve Board 2) Caroline Kennedy to be Ambassador to Japan, one of our largest trading partners and strategic allies in the world That's right. You chose the correct answer. Tards, you can get back to us later. And why exactly was she appointed? Right again. Because she gave the Kennedy family endorsement to Obama over Hillary right when he needed it the most, unless you think she is some kind of diplomat. Do not watch this video. You have all seen it and no one should have to see it again. Complete idiot.
a conservative estimate of 85000 children under five years old starved to death, intentionally. Over 2 million have been starving in this US supported proxy war between Iran and Saudi. "On 13 March 2018, U.S. Army Gen. Joseph Votel, the head of U.S. Central Command (CENTCOM), acknowledged before the Senate Armed Services Committee that the command does not track the strikes carried out during the Saudi-led coalition missions it refuels. you may find dislike Warren but here is the exact source. https://www.c-span.org/video/?c4718576/centcom-commander-gen-joseph-votel-yemen-targeting " WHY DO WE NOT TRACK THE MISSIONS OF THOUSANDS OF REFUELLING or bomb drops. is this because if army personnel knew the missions were to attach civilian targets they would be personally liable under the war crimes act? President Trump or Teflon Don is a specially dirty businessman and we know this by the reports of so many lawsuits. it is too obvious he is a master at giving an order in a way it is not traceable to him? General Votel works for who? we scrape by on legal responsibility or make it take years in the courts but we did it I feel.
A business man's job is to think as a shoe salesmen should. The more new shoes that walk out the door, the better. That's not the kind of simple minded profit oriented thinking that's required of a Central banker. A business man is apt to think that returning to the gold standard is a good idea, for example, without understanding why the gold standard had to be abandoned in the first place. A business man is apt to equate government finances with Household finances. I see this ridiculous sort of thing displayed everyday in the forums of ET.
Today I learned that if you're the 259th richest person in America, you're just a simple minded businessman. If you're so smart, why aren't YOU a billionaire?
did you know that infowars own scataphagos is worth 10 million to tens of millions! read this last night!! makes me wonder how smart you have to be to make a billion in America
A person with Cain's intellect is going to be occupying a seat on the Board of Governors like a cheap mirror would, parroting back what he hears so as not to appear dumb, while contributing very little of the insight that a person intimately familiar with Central Bank operation could contribute. He'd occupy space at our expense while contributing virtually nothing of value. He'd be beholden to the President for his position, and could very likely become a mouth piece for the President's idiotic whims. He'd be an embarrassment just as the President is. He's the sort that would have insisted that QE would cause hyperinflation. That if the Central Bank held interest rates near zero they'd have no way to combat a future recession, and other such absurdities.