More “hope” and “change” heading our way.

An interesting observation on Obama’s three new nominees (Janet Yellen, Peter Diamond & Sarah Bloom Raskin) to the Federal Reserve Board:

They are all prominent members of the Washington-Wall Street-Academia Economics Complex, whose members shift between government, Wall Street, and academia. All of the nominees are Keynesian economists. They are known as regulators, technocrats, and inflationists.

They will fly through the nomination process. This will mean that Obama will have appointed four of the seven governors of the Board.

via Obama To Nominate Three to Federal Reserve Board | The Daily Capitalist.