The Cult of Fed Groupthink Fed Groupthink describes the rigid, dogmatic ideology of Federal Reserve bureaucrats—an elite club of economic high priests who endlessly repeat the same discredited theories about inflation, interest rates, and monetary policy while the financial system continues to unravel. These officials are not merely deceptive; they are true believers in their own failed policies. Their worldview is built on myths: the 2% inflation target, the Phillips curve, “transitory inflation,” and the dangerous belief that they can micromanage a complex economy without catastrophic consequences. There is no real diversity of thought within the Federal Reserve. Entry into this elite institution requires adherence to the same Keynesian doctrines, ensuring that alternative economic perspectives never threaten its control. Intellectual…

Continue reading as a Citizen

Dedollarize News is free to read for signed-up members. Become a Citizen to finish this article, save what matters, and get the daily “While You Were Distracted” briefing.

No credit card required.