All hail the inflationist self promoter
This Boston Globe article on the president of the Boston Federal Reserve Bank Eric Rosengren is beyond absurd. Rosengren’s been pushing policies to prop up the artificial pay-check destroying run-up in prices in 2006 and 2007 and on top of that he comes across as a run of the mill bullshitter[*]:
Since his appointment as Boston Fed president in July 2007, Rosengren has dramatically raised the profile of the institution, revving up its research and community development units to tackle such local economic issues as foreclosure prevention, skilled worker shortages, and poverty in Springfield.
My emphasis. Tackle? Will it shock you to learn that tackling means releasing “a study on the city’s stubborn poverty,” which of course is “the first step to help turn around the long-struggling community” as if what ails Springfield is some kind of strange mystery that can’t be discerned by a cursory glance.
I don’t think Rosengren is much of a mystery, either:
Rosengren has moved quickly to establish the Boston Fed as a key player in the region, reaching out to political, community, and business leaders.
You have to keep in mind that a previous president of Fed Boston, Dick Syron, turned his gig into a massive payday bonanza at Freddie Mac.
Bonus question: Did Rosengren disrupt a Bill Belichick press conference earlier this year? It’s a question for investigative reporters to tackle.
[*] The original version of this post contained the phrase: “a run of the mill bullshitter, at least if one is to go by the yard stick used by the Globe’s Robert Gavin” and that really made no sense so I changed it.
