Stanley Fischer update
Formerly a famous macroeconomist at MIT, he now runs the central bank of Israel and he just won a Euromoney award for best central banker of the year.
Jacob Frenkel argues that Fischer's shekel-selling policies are unsustainable. Here is another account. Israel foreign currency reserves now exceed $66.3 billion, in part because of Fischer's decision to buy up so many dollars and keep down the value of the shekel.
Here, Fischer complains that the Israeli economy is dominated by a few families and excessively concentrated wealth. He wants the government to remedy this situation, although it is hard to tell which policy he is proposing.