Reagan-era appointments turned the Fed into a channel for neoliberalizing economics

Evidence

Since the 1980s, when Ronald Reagan was able to appoint all the Fed governors, the Fed has become an unapologetic openly neoliberal institution; and this has constituted one of the major channels through which the economics profession was shepherded in a more neoliberal direction. One Russian doll mated with another. — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 529

Categorization

• XREF: Reagan-appointed Fed as neoliberal vector connects to the chapter’s Bernanke discussion and the broader narrative about the thought collective. — connects to: Bernanke’s Fed doctrine is the Friedmanite branch of neoliberal monetary catechism. — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 521; Fed jobs serve as career consolation prizes that build an interlocking orthodoxy — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 529; Federal Reserve exculpatory logic transformed herding and iron-hand discipline into rational consensus — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 533 (+5 more)

Broader Connections

• Federal Reserve exculpatory logic transformed herding and iron-hand discipline into rational consensus #expands (0.78) — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 533
• A non-Chicago, Ayn Rand acolyte rose to head the Federal Reserve #exemplifies (0.75) — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 455
• The economics profession and the Neoliberal Thought Collective symbiotically keep the financial system unaltered #corroborates (0.72) — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 674
• Neoliberal economists’ monetary preferences tracked their birth decade and formative experiences #qualifies (0.72) — Dieter Plehwe, Quinn Slobodian & Philip Mirowski (eds.), Nine Lives of Neoliberalism, 437