We consider the consequences of a scientific literature with only one model of an important phenomenon. The falsification of the model would mean falsification of the science. Scientists who would prefer not to have their discipline falsified will be tempted to find ad hoc explanations to excuse...

Fed Governor Wayne Angell's reputation as a maverick and an independent thinker was reinforced throughout his career at the Federal Reserve Board. Many times when a lone vote dissented on issues ranging from interest rates to Fed policy, that vote was Angell's.