August 12, 2008
Dave Altig is well known to old econ browsers for his fine Macroblog. His blog became pretty quiet last year when Dave accepted the position as senior vice president and research director of the Federal Reserve Bank of Atlanta. I was delighted to learn that the Atlanta Fed will now be hosting contributions from Dave and other researchers of the bank through the forum of Macroblog. They intend to put up a new post each Tuesday and Thursday, beginning August 14.
Dave explains Macroblog's new mission:
The purpose of the blog is to help inform readers with commentary and observations on a variety of current economic topics, including monetary policy, macroeconomic developments, financial issues, and Southeast regional trends.
People on the outside sometimes view the Fed as a monolithic institution, and might think the new Macroblog will just be another place to read the "party line." But those more intimately familiar with the institution know that the Federal Reserve employs a large number of brilliant and independent-minded analysts whose perspectives are not always the same as Ben Bernanke's, and are often well worth hearing.
I've much missed Dave's calm and reasoned analysis, and look forward to Macroblog's resurrection.
Posted by James Hamilton at August 12, 2008 01:45 PMdigg this | reddit
Great news. Thanks for the post. I would have missed the news otherwise.
Posted by: Steve at August 12, 2008 04:20 PM
Dave Altig's post is truly mind-boggling. My study of the history of the FED tells me that it never had a humble beginning. It was always intended to take over the role of managing our banks and financial systems but from the initial role of lender-of-last-resort to the current role of Fascist dictator (not intended as a perjorative but descriptive of a system) of economic prosperity is simply amplified as in a period of 3 months the FED creates 4 new major mechanisms for intervention and distortion of the market in an effort to correct errors the FED itself made in its role as economic dictator.
Posted by: Anonymous at August 15, 2008 04:54 AM