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THE HEISENBERG writes: “That’s not to say there’s something inherently desirable about having PhDs running the show and it’s certainly not to suggest that economics is a “hard” science (it’s not, and I should know). But it is to say that economists have been running this show for a long time now and I’m not sure you want a non-economist in the driver’s seat when you’re trying to mark a smooth transition away from a $15 trillion global experiment conducted and overseen by economists. Maybe unwind that first and then bring in someone like Powell. Don’t just hand him the keys to a laboratory full of mutant guinea pigs (markets) and expect him to know how to interact with them once he gets in there.”

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