Wednesday, December 21, 2016

Tyler Cowen's Boss is Now a Central Banker

George Mason University President Ángel Cabrera has been elected as a director for the Federal Reserve Bank of Richmond, one of the 12 regional reserve banks that comprise the nation’s central banking system. Cabrera’s three-year term begins Jan. 1, 2017.

Cowen tweets:

This is not like Ron Paul becoming a Fed director. This is a politically correct establishment crony becoming a Fed director.

One hope Tyler understands this and is just being diplomatic with his congratulations.

 -RW


1 comment:

  1. What does the director of a regional Fed even do?

    ReplyDelete