Shut up, close down, go the way of the mad aunt

Ambrose is right:
"... Like a mad aunt, the Fed is slowly losing its marbles.
Kartik Athreya, senior economist for the Richmond Fed, has written a paper condemning economic bloggers as chronically stupid and a threat to public order.
And now the Fed tells us all to shut up. Fie to you sir.
The 20th Century was a horrible litany of absurd experiments and atrocities committed by intellectuals, or by elite groupings that claimed a higher knowledge. Simple folk usually have enough common sense to avoid the worst errors. Sometimes they need to take very stern action to stop intellectuals leading us to ruin...
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Comment: I know several of these guys like Kartik. And now, if you should think he's an exception, I can tell that he is not. The discipline (not science) of economics has been brought down by exactly these types who now claim sainthood. Imagine guys like Kartik all over the place in institutions like the Fed, the State Department, and in almost any other of the many government agencies. In fact, neither Krugman nor DeLong nor Reich are very different from Athreya. Very strange attack because of these have Phds in economics from fairly "decent" institutions. And what these institutions produce is exactly the problem. No wonder that things come falling apart. It is interesting to note on a sideline that 39-year-old Athreya is a omni-present gatekeeper who, according to his CV is a referee for American Economic Review, Journal of Political Economy, Journal of Monetary Economics, Review of Economics and Statistics, Journal of Public Economics, Journal of Economic Dynamics and Control, Journal of Money, Credit, and Banking, Contemporary Economic Policy, Southern Economic Journal, The Quarterly Review of Economics and Finance, Journal of Macroeconomics,
B.E. Journal of Macroeconomics.
Now I understand more clearly why I stopped reading these journal years ago.