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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: CalculatedRisk who wrote (35791)	7/12/2005 12:10:54 AM
From: Moominoid	Read Replies (3) \| Respond to of 110194

He's a top macro theorist and also writes for a more popular audience. Used his intro econ textbook written together with Robert Frank in the Intro Economics course I taught this Spring. My criticisms of that book were mainly that it was too right-wing/conservative on things such as the minimum wage. Also too supportive of the efficient market hypothesis in the financial markets (but you can't expect much different). Both it and the videos that come in the package are very conservative on budget deficits etc. which is OK with me and anti-inflation etc.

To: CalculatedRisk who wrote (35791)	7/12/2005 6:02:10 PM
From: Mike Johnston	Respond to of 110194

That is two top economists (DeLong and Thoma) that think Bernanke would be fine. Give a 6 year old access to the printing press and he will do just fine. Seriously, Greenspan was considered for many years to be a hawk but turned out to be a totally different bird. So i admit it is possible, but very unlikely that Bernanke could turn out to be a hawk. IMO the Fed has become politicized,also there is no public backlash against inflation (so far), so that any future chairman will probably be a dove (or become one on the job), he will have to, for the sake of his own job security.