Over the years, the Federal Reserve has had two consistent dissenters of its current monetary policy initiatives. They also recently made headlines for criticizing the United States central bank for its present direction. It seems they may have had enough of the destruction being committed by Fed Chair Janet Yellen and her cohorts.
Charles Plosser, president of the Federal Reserve Bank of Philadelphia since 2006, announced Monday he’s retiring from the Fed in March. Richard Fisher, president of the Federal Reserve Bank of Dallas since 2005, is stepping down at the end of April.
Although neither men were the heirs to Murray N. Rothbard or Ludwig von Mises, they were constant critics of the actions perpetrated by the central bank officials, which provided for some good in-fighting enjoyed by many libertarians and anti-Federal Reserve proponents.
It’s reminiscent of what Francois Voltaire wrote: “It is dangerous to be right in matters on which the established authorities are wrong.”
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