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#12: Danielle DiMartino Booth on Why The Fed Is Bad for America
Superinvestors and the Art of Worldly Wisdom
Daniela's Fed Chair
I would probably do something really awful, like say two is the new zero and that we should never breach that boundary on the way down for the sake of pension funds 401k, savers. I would be a much less actively engaged central banker, which would force Congress to do its job. That's not to say that you shouldn't monitor the economy, but you certainly don't need 800 PhDs to do it. And I think the organization could be that much more streamlined so that regulators at the Fed could actually read the most complex balance sheet in the world such that Wall Street wasn't always one step ahead of the Fed.
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