by Mike ‘Mish’ Shedlock
A former top advisor to Ben Bernanke, and two other “Fed Up” activists have a plan to revise the Fed by bringing the Fed fully into the government and adding diversity.
I suggest their plan, shown below, is akin to suggesting one can make cockroaches behave.
[…] Please consider Former Fed Staffer, Activists Detail Plan to Overhaul Central Bank.
Dartmouth College’s Andrew Levin, who was a top adviser to former Fed Chairman Ben Bernanke, Jordan Haedtler of the left-leaning Center for Popular Democracy’s Fed Up campaign and the Economic Policy Institute’s Valerie Wilson say in a paper that their proposals amount to an important modernization of the Fed.