Twelveangry, I scoff at your porposal that just because someone wins the Bates Medal and is "en-route" to winning the Nobel, they are smarter or their works are greater than the Fed Governors.  hahahha   I've seen many a en'route Nobel winner these days that it just makes me wanna roll on the floor with exuberant delight!!  hahahahha  And Greenspan, won the Bates?  Oh, how about that lil medal called the Nobel?  hahaha  BTW, Greenspan had been heralded as the greatest economist this nation has ever had by a consensus of Wall Street illuminaries I read a few years ago (this was before the subprime mess). 

hahaha  Go back to sucking on your books for data, as the names above can't even compare to the Fed Board members!  And you say that their works shape the monetary policy of the Fed?  Are you crazy?  Look at the last 4 rate cuts so far and tell me if it was academia or if it was Wall Street whcih caused the Rate cuts?  That sums it all for your book knowledge...Remember, A lil knowledge IS dangerous!!