Forbes has a track record for offering opposing/competing views on the Fed policies.... true enough .... but "wing nuts"? You have a track record of resorting to insults rather than facing criticism/examination of your views .... it is a reason why I hesitate to engage with your posts.
As for 'equilibrium' being an abstract concept .... it is not so abstract that the Fed is unhappy to apply it in its analysis. Unless you are willing to consider that the Fed is intellectually sloppy? [I will meet you over at the Religion and Philosophy threads if you want to debate terms like 'evil' and 'goodness if you like]
On the topic of Keen offering a viable replacement ..... the way things are going I am sure he will get his chance to do just that very thing sometime in the not too distant future. But, possibly you disagree and believe everything is just 'peachy fine and dandy'.
