I've often wondered what it would be like to be a graduate student of some economists who clearly are not in statistical reality and often mathematical reality. Would you not be allowed to get your dissertation accepted unless you group speak the party line, regardless of what your own research tells you?

A Huffington Post article, Priceless: How The Federal Reserve Bought The Economics Profession, details a similar situation with Economics Academia and the Federal Reserve big brother club. It seems the Fed has a lock on getting published, a critical issue if one expects to receive their PhD. No publications, no graduate degree and assuredly no tenure in Academia.

The Fed's Intolerance For Dissent

When dissent has arisen, the Fed has dealt with it like any other institution that cherishes homogeneity.