Congratulations to the Bentley Fed Challenge team
I just heard that Bentley’s Fed Challenge team came in second in the national competition, trailing only Northwestern University. Here are the team members:
Alfonso Martinez
Denise Klop
Spencer Tirella
Erik Larsson
Guillermo Fernandez
Brian Rogers
Josh Kulak
Dan Battista
Cody Normyle
Thomas Moore
Finishing second is a hell of a lot better than finishing 15th!
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27. November 2012 at 13:31
Northwestern is toughhhhh! Four times a champion.
27. November 2012 at 14:07
But not as good as finishing first! Better luck next year!
Seriously though… Congrats! You must be very proud.
27. November 2012 at 15:43
Congrats! Better than last years’ team that lost out to Harvard in the regionals. 2nd in the entire US is not a bad place to be.
27. November 2012 at 17:16
What an honor to be bestowed a second place prize from a violence backed banking cartel. It must be truly rewarding to go into massive debt and come out with a sanction from an anti-market institution. The sovereign consumers can suck it.
Who knows, maybe some of these drones might even get to serve the cartel directly, perpetuating the parasitical behavior in between boot licking sessions. High fives all around! Yeah!
27. November 2012 at 17:25
Speaking of worthless education, 90+ day delinquencies for student debt is going parabolic. According to the headquarters of the cartel, approximately 11% of FEDERAL student debt is in default, and typically half of all delinquent loans are not reported because of a grace period clause, which means the number is closer to around 22%.
Has the student debt bubble, financed by years and years of credit expansion from the Federal Reserve System, finally burst?
28. November 2012 at 05:10
MF. That did make me laugh out loud on a very busy day in the office. Well done. Keep it up.
28. November 2012 at 07:39
My spy tells me that American University put on a very good NGDP targeting presentation, but one of the judges wasn’t buying it.
28. November 2012 at 09:57
“What an honor to be bestowed a second place prize from a violence backed banking cartel. It must be truly rewarding to go into massive debt and come out with a sanction from an anti-market institution. The sovereign consumers can suck it.
Who knows, maybe some of these drones might even get to serve the cartel directly, perpetuating the parasitical behavior in between boot licking sessions. High fives all around! Yeah!”
Having competed in the Fed Challenge as an undergrad this made me laugh. God bless this comment.
Student debt is going to be a major problem very soon.
28. November 2012 at 10:59
James in London, and Daniel:
I’m glad that at least you guys are able to laugh off an uncomfortable truth that [some people](http://www.themoneyillusion.com/?p=17692#comment-205619) seem to be too emotionally and intellectually invested in to accept.
I guess as long as there are suits, wine, cheese, and congratulations and palm pressing, then it would be uncouth to say the emperor isn’t wearing any clothes. We’re only supposed to get unsettled once the SWAT teams kidnap and/or shoot at people to make sure everyone toes the cartel line, and not a moment sooner.
28. November 2012 at 11:06
Daniel:
Student debt is going to be a major problem very soon.
I would argue it was a problem the moment the credit was expanded beyond the rate of actual savings, which has led to a partial, relative over-expansion in education, at the expense of more highly valued goods and services consumers are actually willing to buy.
Oh whoops, I forgot. That’s not thinking like a central planner. I am supposed to say:
“Education, like housing, is ‘important’. We, meaning the banking cartel, should expand as much toilet paper credit as possible and direct them towards student loans, oh, and let’s have the state guarantee those loans at taxpayer expense, making sure of course that the resulting tuition price increases, along with other goods price increases, does not result in a CPI annual increase greater than 2%, no wait, 3%, or NGDP annual growth of 4.5%, no wait, 5%, or some other aggregate statistic.”
Whew. Being an “economist” is hard.
29. November 2012 at 07:18
MF:
It’s pretty hypocritical to say something like this:
Who knows, maybe some of these drones might even get to serve the cartel directly, perpetuating the parasitical behavior in between boot licking sessions. High fives all around! Yeah!
And simultaneously criticize those ad homenim attacks that are directed at you.
29. November 2012 at 07:18
Congrats to the Bentley team!
29. November 2012 at 07:26
SG:
I welcome ad hominem attacks. Where did I say thou shalt not attack me personally? I am a supporter of free speech (in accordance with the property owner’s rules). I think you assumed that I am “complaining” about it, when I really wasn’t.
The reason why I linked to the ad hominem against me was not to complain about it, not to say thou ought not do so, but rather, to show an example of ad hominem when a person’s emotional and intellectual investment is criticized. It is more FYI, to think of it what you will, for you to decide for yourself. If you knew me, you would know that I don’t mind ad hominem directed at me.
29. November 2012 at 13:47
MF,
But you did say:
“I am both intellectually and emotionally mature enough not to devolve down to Sumner’s level of ad hominem discourse.”
29. November 2012 at 14:30
Congratulations to all the accomplished students at Bentley. For all the seniors: you did well and wherever you apply for jobs and grad schools, your performance in the Fed Challenge will be a priceless asset. For all the juniors: good luck next year!
29. November 2012 at 14:57
If any of the teams suggested the abolishment of the Fed, citing empirical statistics that show the Fed has not only debased the dollar by 98% since its inception but has not decreased the amount of recessions (it’s supposed purpose), would they win? Something tells me they get the lowest score. And my hunch is the team that advocates the most power and intervention by and for the Fed will be the one that wins. That’s what the incentives suggest to me, anyway.
Scott, if you want your team to win, have them devise a strategy that gives the most power, most prestige, and least oversight to the Fed. I guarantee your team will win the prize.
30. November 2012 at 09:31
Way to go Bentley !
30. November 2012 at 09:39
With Thomas Moore on your team the proposals were probably judged too Utopian to be practical.
Did Bentley want to take some power away from our present-day Kings ?