Hail to the Chairman
October 24th, 2005 - 11:40 am
I’ve been reading up on Bush’s pick to replace Alan Greenspan at the Fed. From what I’ve read this morning, Ben Bernanke seems like a sharp guy with real concern for price stability.
There are, of course, some naysayers, but Bernanke is more of a John Roberts than a Harriet Miers.
I would have picked James Glassman, but as long as the new fed chairman is his own man and doesn’t react to the media when they start carping that he’s no Greenspan, he’ll have my support.
OT: Ohhh, vodka, have you seen Nambe’s martini shaker for $125?
Sweet.
James “Dow 36,000″ Glassman? Are you joking?
Doug:
It’ll get there eventually–it was at 41 in 1932, didn’t cross 1000 until 1972, and hit 3000 in 1991. Imagine the incredulous response someone would receive if he titled a book “Dow 3,000″ in the 1930s through the ’70s–but today, it’s 7,000 points higher.
Atlas’ Successor
Larry Kudlow sounds happy about Ben Bernanke:CEA chair and former Fed governor Ben Bernanke is about to be nominated to succeed Alan Greenspan as Chairman of the Federal Reserve Board. In my view it is a good choice. Though Mr….
So the Jimmy Carter poster on Bernanke’s office wall is nothing to worry about? *g*
I can’t wait to hear what the Mogambo Guru http://www.dailyreckoning.com/Writers/MogamboGuru.html has to say, both about Bernanke and about the national debt http://www.publicdebt.treas.gov/opd/opdpenny.htm hitting $8 TRILLION all in the same week.
The Skeptical Optimist:
Why Debt Doomsday is a Myth
…But debt doomsday is a myth. Its fundamental flaw is that it ignores two very important financial mechanisms:
A Fed chairman who thinks inflation comes from high demand?
Yeah, we really need another Keynesian.