Thomas Hoenig, lone dissenting vote in the Fed’s QE decision, isn't just an "inflation hawk."...

|By:, SA News Editor

Thomas Hoenig, lone dissenting vote in the Fed’s QE decision, isn't just an "inflation hawk." Decades spent at the KC Fed working on bank supervision and watching sharp swings in land values lead him to worry about resource allocation and asset prices. "Having closed 350 banks and seeing the agony of those banks and communities, convinces you that artificial price increases are not the way to go."