Then look no further than Fed presidents, their advisors, and academia loaded charlatan professors.

Today's spotlight is on Marvin Goodfriend, a former economist and policy advisor at the Federal Reserve's Bank of Richmond, and Ken Rogoff, a chaired Harvard economics professor, a one-time chief economist at the International Monetary Fund.

Case for Minus 2% Rates

Goodfriend says the Fed Might Need to Cut Rates to Minus 2 Percent.

The U.S. Federal Reserve might need to cut interest rates to as low as negative 2 percent, far lower than levels other global central banks have tested, a former Fed economist said.

That's what would likely be needed to engineer a recovery if the U.S. economy were to fall into a recession in the next couple of years, Marvin Goodfriend, who was an economist and policy advisor at the Federal Reserve's Bank of Richmond from 1993-2005, told CNBC's "Squawk Box" on Thursday.