Economist of the day: Frederic Stanley “Rick” Mishkin

from David Ruccio

Here’s a video interview [ht: eo] with former Fed Governor and current Columbia University professor Frederic Stanley “Rick” Mishkin (apparently a clip from the “Inside Job“) in which he admits to writing a research paper, in return for $124,000 from the Icelandic Chamber of Commerce, celebrating the “prudential regulation and supervision” of Icelandic banks. That was just before the banks crashed and many of the bankers fled the country.

In addition, here’s Mishkin’s 2005 “What Me Worry?” take on Too Big To Fail [pdf]. Then there’s his great housing bottom call in April 2007.

And I’m supposed to teach my students about ethics and intellectual honesty?!!

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