The economist Martin Armstrong writes that a few years ago he was offered an opportunity to do a federal research project for substantial grant money.
When I was called upon for research back to form the G5 and then wrote the White House warning that manipulating the dollar down would create volatility and a crash within two years (1987), I was told I would never again be asked by government for anything. I was told outright to do studies that provide the conclusion up front and I would earn millions of dollars a year for bogus research reports.
Armstrong’s story is here.
