Conform or reform? In human terms, 500 years is a very long time. Yet, that’s how far back one of the most renowned Fed watchers is taking us in this edition of our Guest Evergreen Virtual Advisor (EVA). Danielle DiMartino Booth has previously been highlighted in these pages and she graciously gave us permission to run her recent missive: “Destination Reformation: The Dawn of a New Era in Central Banking”.

In last week’s edition of our Guest EVA, we ran the first half of a condensed version of Grant Williams’ exceedingly popular Things That Make You Go Hmmm. No one ever accused Grant of short-changing his readers as his weekly missives often run to 30 pages or more. But they are chock full of some of the best non-consensus insights, spiced with biting humor, this side of another Grant (as in Jim Grant).

The reaction to this edition of the Guest Evergreen Virtual Adviser (EVA) has the potential to be as incendiary as the subject matter itself.