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...

Point man for the Fed on Y2K, Governor Edward (Mike) Kelley discusses his life at the Board of Governors, ranging from monetary policy to banking supervision to operations. His leadership roles have exposed him to nearly every facet of the Federal Reserve System, and with his lengthy tenure...