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A comment on For the First Time, the Fed Is Losing Money. Parent comment

Re:For the First Time, the Fed Is Losing Money by boringg on Tuesday March 28, 2023 @09:20AM (#35340594)
Sure some damage from that but destroyed their credibility - I think it sounds like your coming at them with a significant grudge.
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Re:For the First Time, the Fed Is Losing Money by PathOfEclipse on Tuesday March 28, 2023 @10:06AM (#35341321)
NYT have destroyed their credibility for numerous reasons, both past and present: https://www.amazon.com/Gray-Lady-Winked-Misreporting-Fabrica...
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Re:For the First Time, the Fed Is Losing Money by boringg on Tuesday March 28, 2023 @12:43PM (#35343935)
Pretty poor source of information. I just spent a couple seconds going over the authors twitter feed confirms what I would have suspected.
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Re:For the First Time, the Fed Is Losing Money by PathOfEclipse on Tuesday March 28, 2023 @01:22PM (#35344611)
https://en.wikipedia.org/wiki/Genetic_fallacy

This is probably one of the most commonly-used fallacies I see people used to deal with cognitive dissonance caused by information that might make them uncomfortable.

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Re:For the First Time, the Fed Is Losing Money by boringg on Tuesday March 28, 2023 @02:54PM (#35346047)
I mean to get through life without having to run every single thing down you use heuristics to evaluate whether it is worth pursuing the details or not. My heuristic wrote off whether looking at pursuing his perspective is worth it or not based on the comments in his twitter feed which seem to match up perfectly with his charges. It's why credentials have value.
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Re:For the First Time, the Fed Is Losing Money by PathOfEclipse on Wednesday March 29, 2023 @11:59AM (#35359114)
I don't know what's on his twitter feed, but I've yet to see a single rebuttal to any of the main highlights of that book. Don't be blind to the truth because of your own personal biases.

I just scanned his twitter feed and I don't see anything terribly problematic, so I'm not even sure what you're referring to that would make you ignore him.

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