Tuesday, August 18, 2009

Kevin Drum on Bernanke

Link here via Matt

Kevin Drum observes that Ben Bernanke’s reappointment seems extremely likely:

Ain’t the intertubes great? On a more substantive note, not a single one of the panelists was opposed to reappointing Ben Bernanke. Not even Dean Baker! Et tu, Dean? This suggests to me that Bernanke is a shoo-in for winning a second term. If you can’t even get a bunch of liberals at Netroots Nation to oppose him, what are the odds that anyone else is going to lead the fight?


Francois' response: I don't get what liberals are asking for here. Traditionally, liberals have wanted inflationary monetary policy, but they won't really say what they want now, just that they don't want Bernanke or another conservative. They want someone more liberal, like Summers. But they won't say what they actually want a liberal fed chairman to do. Could someone explain what they want the Fed to do differently?

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