>
> >
> That's a little unfair. It's not so unusual for a Democrat hack
>economist to gently urge caution on Greenspan in the NY Times, it there?
> Seth
> >>
>
>Tyson said all the right things. But this sort of
>hand-wringing has been going on for the past 20
>years, at least, and indulged in by both Democrats
>and Republicans. We should not be impressed by it
>anymore.
>
>The fundamental problem is that the Fed is allowed
>to make decisions contrary to the public interest.
>A change in governance is required. But you'd have
>to look far to find an economist willing to criticize
>the idea of a so-called "independent" Fed.
Sorry, I was making a cheap joke about the spelling of "slam on the breaks." It's "brakes."
Doug