Who Rules America Today? (was Re: On the Defense of ParasiticFinance)

[Max Sawicky]

>Lots of different options.  One is to have Fed
>terms coterminous w/the President's. Then the
>Prez is directly accountable for Fed policy.
>mbs

I know that Paul Volcker thinks that this would be a good thing. But 
I'm not sure why. My suspicion is that presidents think too 
short-term for this to be a very good idea...
Brad DeLong

James Tobin too.  At least, he did 20 yrs ago.

mbs