The statement is a critical commentary on the effectiveness of the Federal Reserve and its economists. It uses a metaphor comparing the Fed to universal basic income for PhD economists, suggesting they are paid without delivering accurate results. The comparison to air traffic controllers implies a lack of accountability and effectiveness.
- The statement uses a metaphor that could be seen as undermining the credibility of economists, potentially causing harm to their professional reputation. [-1]Principle 1:I will strive to do no harm with my words and actions.
- The statement engages in criticism but does so in a way that could be perceived as dismissive rather than constructive, lacking a call for dialogue or improvement. [-1]Principle 4:I will engage in constructive criticism and dialogue with those in disagreement and will not engage in personal attacks or ad hominem arguments.