Intended to save our economy, the Fed has turned out to be perhaps the biggest single source of economic instability. It’s the big pig at the trough, and it’s unpredictable. It doesn’t follow any rules consistently. When it moves, everyone else can be badly knocked around.

The very unpredictability of the Fed causes uncertainty that discourages investors and employers from making commitments for the future — an important reason why we’re experiencing a sluggish, jobless recovery now.

…

It’s time to begin planning for an orderly dissolution of the Fed before it does us any more harm.

The piece is accessible and well-written and provides good context for the student of current affairs. As a side note, another interesting bit (albeit slightly differently themed) appeared at MarketWatch the other day. These notions are not at all unique. They have been, until recently, fairly clandestine though. The very appearance of editorials highlighting these themes in such mainstreams publications is foreboding evidence of strange days ahead.

I will host a blog there, along with forums where I hope readers will join in and discuss the issues posted on the site. I will publish the findings of myself and my colleagues who are involved in financial research. Additionally, I will make available papers that are uncovered during our research — respecting, of course, the rights of the author(s) and publisher(s) of the papers.

I would certainly welcome the contribution of qualified researchers. If you are interested in contributing to the site, or having your work published there, please email me at corey.gallon@TheEMHProject.com.

I will be launching the site with “The Cramer Project.” This project will, as aforementioned, track the performance of Jim Cramer’s recommendations over varying periods of time, and in porftolios of his picks which fit varying criteria. The object of the project will be, of course, to determine the implications of the “Mad Money” picks’ performance on the EMH. Interested, qualified researchers are invited to participate by emailing me at the above listed email address.

I am rather excited to commence work on this project, and also for the launch of what I hope will grow to be a valuable resource for research in financial theory.