The Eunuch class...

...no, I don't mean that as an anatomical insult, but rather a reference to insular organizations who "evolve" from benevolent beginnings to power-hungry hierarchies that no longer care for there patrons, who are regarded as imbeciles. This is an interesting article describing a similar phenomena at the FED.

The Federal Reserve, through its extensive network of consultants, visiting scholars, alumni and staff economists, so thoroughly dominates the field of economics that real criticism of the central bank has become a career liability for members of the profession, an investigation by the Huffington Post has found.

This dominance helps explain how, even after the Fed failed to foresee the greatest economic collapse since the Great Depression, the central bank has largely escaped criticism from academic economists. In the Fed's thrall, the economists missed it, too.