So just out of curiosity, how many people here have formally studied debt? (Economics, finance majors / grads, credit traders, etc.?)
Not me.
But the people sitting at university teaching theory have no idea about the real economy anyways (see Bernanke, etc...). It's not about having formally studied this.
Alright, well clearly you have some radical opinions on this. Can you provide any backing for what you just said? That was an incredibly bold statement. Which research / set of facts led you to this conclusion? It seems like you've said anybody who worked in that industry "wouldn't know about it anyways" or something along those lines. I just don't understand how that can be.
I think if there is somebody more qualified than Bernanke, Yellen, etc. it is of the utmost importance that we find them and make sure they are in the right position.