Can You Trust The Experts?

Have what it takes to earn a MIT PhD or be an Ivy League professor? How about serving on the Fed's OMC? Well Fred Mishkin has done all 3. Yet he didn't think there would be a housing collapse because mortgages were securitized!
The economics profession is broken beyond repair. pic.twitter.com/BR0mBsou2Q

— Peter Schmidt (The 92ers) (@The92ers) May 25, 2021