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

[Brad DeLong]

>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