In the post immediately below, "
Assortive Mating, Janet Yellen and O-Rings", Marginal Revolution's Alex Tabarrok writes:
"–to wit, I wouldn’t be surprised if everyone President Obama asked for
advice on this question to told him that Fischer would be one of the
best people in the entire world for the job.
Indeed, many of the people Obama spoke to, including Ben Bernanke, would
have been Fischer’s students, themselves a large subset of the tiny
elite of the world’s top monetary economists. Perhaps the world of
monetary economics is an inbred clique, a supplier-controlled cartel...."
Which reminded me of this graphic from Real World Economics Review last seen in one of our
Nov. '13 posts:
