It is a measure of the rot in academia that you can find economic profs who think that mounting debt and inflationary monetary policy are hunky dory. From Quoth the Raven at quoththeraven.substack.com:
The university rot doesn’t stop at plagiarism – and that’ll become evident as we continue to watch the economy.
The bad news is that it has taken decades to expose the rot that has been making its way through Ivy League institutions in our country.
The good news is that with such glaring examples as the multiple university presidents who humiliated themselves in front of Congress talking about the response to the Israel-Palestine conflict on their campuses, it is now impossible for even the most lobotomized groupthinkers to ignore said rot.
Bill Ackman has personified the awakening of many. Ackman, a Jewish Harvard alum who leans left, has obviously had enough, openly and publicly waging war not only against Harvard and its former President Claudine Gay, but also against wider diversity, equity, and inclusion (“DEI”) policies that have threaded their way through both universities and corporate America.
Photo: Bitcoin.com
While I commend Ackman’s crusade and think he will be on the right side of history, there’s one string I’m sure he won’t pull on: the fact that the universities that have been revealed as pseudo-intellectual circle-jerks, generating little to nothing of value, are the very same institutions that have validated, solidified and legitimized the monetary theory governing how our central bank policies take shape in the United States. You know, the ones that have led us here:
Chart: Zero Hedge
