23 Aug 2010

See Mishkin Squirm

Federal Reserve, Financial Economics 3 Comments

I actually had a tough time watching this, I got so embarrassed for Frederic Mishkin. (HT2 von Pepe for the tip.) Lately I’ve begun to think the guys at ZeroHedge aren’t as clever and informed as they believe, but their scorn is definitely justified on this one.

3 Responses to “See Mishkin Squirm”

  1. Libertarian says:

    45 seconds of squirming. This was probably a 30 minute interview.

    I will try and find the entire thing…

  2. Daniel Kuehn says:

    On the payment issue, this looked like a report for a client – i.e., it was probably on the Icelandic Chamber of Commerce’s website, Mishkin clearly wasn’t an employee of the Chamber of Commerce so its safe to assume they commissioned a report. That all seems implicit, doesn’t it?

    Researchers get paid to do research all the time – when the affiliation of the researcher on the report is different from the affiliation of the people publishing the report, I think that’s always the assumption.

    It would have been different, though, if Mishkin had published a journal article on Icelandic finances and been paid for it, and yet he did not disclose it. That would be bad, and I think that’s really what Hubbard is refering to.

    Don’t those seem like different things to you?

    • bobmurphy says:

      Yeah you might be right. I don’t know why Mishkin didn’t just say that, though.