• 8 hours Hedge Funds Having A Banner Year
  • 11 hours Disney Heiress Asks “Is There Such A Thing As Too Much?”
  • 14 hours BHP Turns Bullish On EVs
  • 16 hours Investors Turn Bullish On America’s Nuclear Decommissioning Business
  • 1 day The $90M Inflatable Rabbit Redefining Modern Art
  • 1 day Huawei’s Fate In The Air
  • 2 days Tesla Slashes Prices Again
  • 2 days The Modern History Of Financial Entropy
  • 2 days Italy’s Central Bank Embraces Sustainable Investing
  • 2 days Trump Lifts Metals Tariffs To Cool Simmering Trade War
  • 3 days Researchers Push To Limit Space Mining
  • 3 days Could China Start Dumping U.S. Treasury Bonds?
  • 3 days Is Winter Coming For HBO?
  • 4 days Rise Of EVs Signals Peak Gasoline
  • 4 days Jeff Bezos Doubles Down On Space Colonization Ambitions
  • 5 days Gold Mining Stocks Stuck In Limbo
  • 5 days Executive Order Targets Huawei Over Espionage
  • 6 days Why Now May Be The Best Time Ever To Hold Gold
  • 6 days Fake News Sinks Shares In UK-Based Bank
  • 6 days De Beers To Build $468 Million Diamond Recovery Ship
Strong U.S. Dollar Weighs On Blue Chip Earnings

Strong U.S. Dollar Weighs On Blue Chip Earnings

Earnings season is well underway,…

Market Sentiment At Its Lowest In 10 Months

Market Sentiment At Its Lowest In 10 Months

Stocks sold off last week…

  1. Home
  2. Markets
  3. Other

Atlanta Fed President Lockhart Resigns: I throw My Hat Into the Ring

Atlanta Federal Reserve President Dennis Lockhart Will Step Down effective February 28, 2017. Click on the link for the complete text, but it does not say much other than "It has been an enormous privilege to serve as president of the Federal Reserve Bank of Atlanta."

It also says the a "committee will conduct a nationwide search, seeking a diverse slate of candidates to replace Lockhart as president of the Atlanta Reserve Bank. The Bank has retained Spencer Stuart, an executive search firm, to assist in this important effort."

I throw my hat into the ring.


Changing the Beast

James Grant, when asked what he would do if appointed Fed Chairman, replied "resign". My approach would be completely different.

To change or kill the beast you have to do so from within. Here is a great clip that explains all you need to know.

I posted that clip in Why Did the UK Enter the EU in the First Place?


First Things First

As Atlanta Fed president, the first thing I would do would be to cut my salary to zero. This would send a clear signal as to what the job was really worth.

Next, I would take every opportunity to make speeches on why the Fed should be disbanded. I would point out the all the mistakes the Fed had made and who befitted from them. I would attack economic theory of the other Fed governors and presidents at every opportunity.

Surely this service would be far more valuable than any service provided by any Fed member now, but I would do all this free.

 

Back to homepage

Leave a comment

Leave a comment