Ah yes, the hot potato that is the fraudulent US fiat ponzi scheme has been tossed in flaming fashion to the next elitist turd of a neoclassical economist. Wait, James, are you suggesting that there is a pattern of failure with the "noobs" who plop down on this hallowed throne? Hmmm, perhaps this incoming sycophant is merely just a signal to the market whales that "it is time to start withdrawing all the little fishes hard-earned 401k profits from the equities".
Wait, he has a personal net worth of "tens of millions"? Hold on, interesting....is this some sort of strange "financialization" of the stoic, soberly academic Fed Reserve post? If we are going that route, I think they should plop down that buzzer-smacking, mouth-incarnate, stock-market-reality-show host Jim Cramer!! Let's really throw down the hammer on "BUY AMERICA!" Inflation inside a gold-platted lambo to the moon and beyond.