3 ms·

"we don't see any immediate systemic risk issues" - Warsh, 11 July 2007 https://www.gpo.gov/fdsys/pkg/CHRG-110hhrg38388/html/CHRG-110hhrg38388.htm https://www.

• wmf 8y ago
  Please be specific; the link between the financial crisis and a hypothetical FedCoin is not at all obvious.
  • vijayr02 8y ago
    Not OP, but I think the point being made is that his prior judgement on financial matters doesn't exactly inspire confidence. That said, I have some sympathy for any policy maker giving public statements in an overheated economy: the seeds of the crisis have already been laid and the statements one makes may actually precipitate the crisis rather than avoid it...
  • azernik 8y ago
    The connection is that this is the same person making both predictions.