This article was published by The McAlvany Intelligence Advisor on Friday, September 6, 2019:
The success (or failure) of a conspiracy is the degree to which people are persuaded that one doesn’t exist. That’s what upset Adam Posen the most about William Dudley’s exposure of the innermost workings of the Federal Reserve in his op-ed at Bloomberg last week.
Posen scored Dudley for his intemperate and revealing article. He said his column was “horribly mistaken,” adding that “It feeds conspiracy and it was totally irresponsible to talk that way.”
Adam Posen is highly-regarded among his Deep State peers, having received his PhD in political economy and government from Harvard and then serving as a consultant to the International Monetary Fund (IMF), an economist at the Federal Reserve, a fellow at the Brookings Institute, and a voting member of the Monetary Policy Committee of the Bank of England.
Much better known, with equally strong ties to the Deep State, is Lawrence Summers.