Sherman Joseph Maisel (July 8, 1918 – September 29, 2010) was an American economist who served as a member of the Federal Reserve Board of Governors from 1965 to 1972.
He served in the United States Army during World War II beginning in 1941, attaining the rank of Captain by the time he completed his military service in 1945.
[3] After the board approved a plan to address segregation in the district's junior high schools, Maisel faced and won a recall election, in which he encouraged students at the University of California, Berkeley to register and participate in the vote.
When he was nominated to serve as a governor of the Federal Reserve System, he met with President Lyndon B. Johnson, who expressed more interest in the details of the Berkeley recall vote than in Maisel's opinions on economic policy.
The group's findings exposed the moral hazard that existed based on the access to guaranteed funds and from the focus on book value rather than real net worth.