Too Hard to Evaluate, Much Less Criticize

This is a dangerous, but typical development. A Federal Reserve economist goes on record saying that the electorate (you know the ones who pay his salary and are subject to all the horrors he and his colleagues contrive) are not qualified to evaluate or criticize the policies the Fed imposes on us. Seems like a trial balloon to eventually outlaw such "bashing" from the unwashed masses. Thankfully several people in the media have reacted to it, among them: Pritchard and Ritholtz.