Live from the Big T-- Mountains: Gilder, Moore, Steil, Schiff, DeMint. Would it be possible to put together a set of speakers who have been more wrong in their predictions over the past generation about how the economy works, and less willing to do anything to mark their beliefs to market? I do not think so...
FIVE WEEKS: Historic Economic Summit to Take Place in Jackson Hole, Wyoming August 27-29: "The first official Jackson Hole Summit is just five weeks away...
:...The historic event will take place on August 27-29, 2015 in Jackson Hole, Wyoming. The Summit will take place directly opposite of the Federal Reserve Bank of Kansas City’s annual Jackson Hole Symposium, the flagship conference of the Federal Reserve System. More than two dozen high profile speakers.... The Jackson Hole Summit will feature many of the best and brightest economists in the world, including participants from prestigious institutions, such as The Cato Institute, The Heritage Foundation, The Atlas Network, and England’s The Cobden Centre. All presidential candidates from both major parties have been invited to present their vision to maximize America’s future prosperity and strengthen the United States’ position in driving the global economy.
The Jackson Hole Speaker List (as of July 22nd, 2015): George Gilder--Chairman, George Gilder Fund and former Reagan advisor. Steve Moore--Distinguished Visiting Fellow, Heritage Foundation. Benn Steil, PhD--Senior Fellow & Director of International Economics, Council on Foreign Relations. Peter Schiff--Financial Analyst. Jim DeMint--President, Heritage Foundation...
That's the top five. The only one of the next five I remember ever having heard of is number six, Sean Fieler, President of the American Principles Project. Fielder is, I think, best known for being the biggest funder of Mike Huckabee's daughter Sarah's American Principles Fund, which is in turn best known for a hit on Liz Cheney in the 2014 Wyoming Republican Senate primary:
MSNBC: The go-to network for Barack Obama and his liberal elites. So what is Liz Cheney doing here? In Wyoming, Cheney campaigns as a conservative. In Washington, she appears on MSNBC to campaign against a marriage amendment and support government benefits for gay couples: "I applaud, for example, the State Department decision to extend benefits to same-sex partners around the world". Liz Cheney: wrong for Wyoming.
And these people are being put forward as experts who are supposed to have something to say about monetary policy?
Suggestions for people who are bigger tools in their views on monetary policy and would be worse-qualified speakers than any of Gilder, Moore, Stei, Schiff, and DeMint would be welcome. But I don't think there are any...