“A Process That Only We Fully Understand” � The Baseline Scenario

The hubris that was Alan Greenspan.

This is prime reason that the Fed needs an audit.

“A Process That Only We Fully Understand” � The Baseline Scenario: "“We run the risk, by laying out the pros and cons of a particular argument, of inducing people to join in on the debate, and in this regard it is possible to lose control of a process that only we fully understand.”"