An Open Letter To Treasury Secretary Bessent – The Washington Standard

An Open Letter to Treasury Secretary Bessent - LewRockwell

Dear Secretary Bessent, I read with great interest your July 21 comment at the Federal Reserve Capital Conference that: “What we need to do is examine the entire Federal Reserve institution and whether they have been successful. . . . All of these Ph.D.s over there, I don’t know what they do. . . . This is like Universal Basic Income for academic economists.” Having been an academic Ph.D. economist for forty-one years I believe I can offer a lit…

An Open Letter To Treasury Secretary Bessent – The Washington Standard

Dear Secretary Bessent, I read with great interest your July 21 comment at the Federal Reserve Capital Conference that: “What we need to do is examine the entire Federal Reserve institution and whether they have been successful. . . . All of these Ph.D.s over there, I don’t know what they do. . . . This is like Universal Basic Income for academic economists.” Having been an academic Ph.D. economist for forty-one years, I believe I can offer a li…