The Federal Reserve Board has some 20,000 employees including at least 300 PhD economists. We’ve argued for a long time that they could do without at least two-thirds of these economic advisors and simply follow commodity prices to gauge inflation and set interest rates.

We’ve also suspected a leftward tilt inside the Fed’s temple and now we have more evidence from the Washington Free Beacon:

Most don’t donate at all, but it tells you a lot about the political culture at the Fed that 90% of the checks written are to Dems. The author of the analysis, Ira Stoll, tells us that this included hundreds of contributions.

Another reason Incoming Fed chairman Kevin Warsh may want to clean house when he gets over to the new glitzy $2 billion Taj Mahal on Constitution Avenue.