THIS GUY SHOULD NOT BE ON THE FEDERAL RESERVE BOARD

The WSJ has some juicy quotes from the recently released minutes of the 2008 Fed meetings & this is the best one:

June 24-25 Meeting: Fed Holds Rates Steady at 2%

Richard Fisher
Dallas Fed President

"So, Mr. Chairman, I would say that currently our patient—the economy—is indeed a sick puppy. … I think we have, like loyal practitioners and with the equivalent of the Hippocratic oath, done the job that we are expected to do in terms of resuscitating the victim. That is the good news. The real bad news is that our patient appears to be acquiring a staph infection in this hospital that we have created, and that staph infection is inflation. "

UPDATE: Shahien Nasiripour and Zach Carter found another super-genius:

Some of the more vocal committee participants, such as James Bullard, president of the Federal Reserve Bank of St. Louis, argued in 2008's pre-September months there was little, if not “zero,” systemic risk in the financial system.