Samsara, when did i said that Mishkin sucked....i said that your statement that Miskin had an illustrious career at the FED was wrong statement...first of all his career was not at the FED...he was into academia and he took leave of absence from columbia to be a FED governor...2 year stint at the FED hardly counts as a career...so first learn to write sensibly before mocking at others like u do in this and other thread..Your statement will always be wrong no matter what you say...

we can debate about economics, abt wall street, abt this that....at the end of the day bottom line counts... After LTCM no one thought that there will be another one like that...Bear stears happened...its because of the FED..they are creating the moral hazard problem....nothing is predictable, we merely use tools, models and data to try to predict it...regarding ur holy trinity....so what...see the consequences of it now ...