Thursday, May 5, 2016

The MIT-Central Bank Connection: The Men Behind the Economic Crashes and Volatile Markets

The Wall Street Journal has a graphic up today showing the connection between MIT and central bankers:

At EPJ, we have been pointing out the connection for years, see:

The Influence of MIT in the World of Economic Policy, Despite Faulty Equations (2015)

Sniffing the Scent of White Orchids: The MIT-Central Bank Connection (2012)

The M.I.T. Central Bank Mafia Exposed (2012)

Is M.I.T. Secretly Running the Fed? (2011)

BTW, MIT economists are a bunch of financial engineers who hold the faulty view that the economy can be run like a steam engine. With this view and their positions in power, they can ultimately be blamed for the crashes and extreme volatility that is a part of modern day economies.



  1. People who always got A's and a pat on the head from authority figures from age 5 on are incapable of entertaining the thought that they don't know what they're doing. If they didn't know what they were doing, they wouldn't have gotten A's and a pat on the head. It's the secular academic version of Calvinist predestination and wealth worship. "If God has blessed me with material success, it must be because I am virtuous."

  2. They get to tinker with the economy and never have to suffer the consequences of their policies. Due to their positions and connections they'll always come out ahead. As they say, nice work if you can get it.

  3. This reminds me of Mr. Wenzel's mention of Hayek's "The Counter Revolution of Science" as one of his top 5 books a while ago.