Comments on: The fraught Fed-chairman choice http://blogs.reuters.com/felix-salmon/2012/10/23/the-fraught-fed-chairman-choice/ A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: traducere daneza http://blogs.reuters.com/felix-salmon/2012/10/23/the-fraught-fed-chairman-choice/comment-page-1/#comment-53655 Mon, 29 Sep 2014 14:02:15 +0000 https://blogs.reuters.com/felix-salmon/?p=19148#comment-53655 I would like to point out my passion for your kind-heartedness supporting men who really want guidance on this one matter. Your very own commitment to getting the message around had become extraordinarily beneficial and have in most cases helped women like me to get to their ambitions. Your own invaluable instruction signifies much to me and substantially more to my fellow workers. Many thanks; from all of us.

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By: Frwip http://blogs.reuters.com/felix-salmon/2012/10/23/the-fraught-fed-chairman-choice/comment-page-1/#comment-44120 Tue, 23 Oct 2012 20:10:07 +0000 https://blogs.reuters.com/felix-salmon/?p=19148#comment-44120 John Taylor is not particularly respected as an economist.

Yes, he’s the Taylor of the Taylor rule and, at least, he’s old enough to have had the good luck of starting his career as a PhD in economics while empirically grounded old-school Keynesian macro was still being taught in grad school, before the ‘rational expectation’ clap-trap turned into a suicide cult. Hence, his awareness that prices and wages might be, well duh, sticky. Hence his work on the Taylor rule that made his career.

But that was in the late 70s and 80s. Since then, not much, saved that he turned into a cashiered republican ideological tool, not as complete a transparent hack as Hubbard but a pretty sorry sight, nonetheless. He’s just a little bit smarter than Hubbard at being a hack.

And his recent record is rather dreadful, including blaming Fannie and Freddie for the real estate bubble when the factual, indisputable record shows extremely clearly that they were very late comers to the party and not a contributor in any shape or form to the initiation and the inflation of the bubble. This point alone is a clear disqualification, all the more that Taylor was working for the White House and not saying a word or expressing the slightest concern at the very same moment the bubble was being inflated.

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By: akslater http://blogs.reuters.com/felix-salmon/2012/10/23/the-fraught-fed-chairman-choice/comment-page-1/#comment-44119 Tue, 23 Oct 2012 19:21:36 +0000 https://blogs.reuters.com/felix-salmon/?p=19148#comment-44119 Would Romney really consider appointing a Fed Chair whose policies would have a high likelihood of destroying a fragile recovery? I always thought Romney was just throwing a sop to the goldbug wing of the GOP with his criticism of Bernanke. If he won, I’d love to see him appoint a hawk. Romney would be guaranteed to be a one-termer.

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By: absinthe http://blogs.reuters.com/felix-salmon/2012/10/23/the-fraught-fed-chairman-choice/comment-page-1/#comment-44118 Tue, 23 Oct 2012 19:03:36 +0000 https://blogs.reuters.com/felix-salmon/?p=19148#comment-44118 I don’t know him personally, but based on his blog Mankiw is a narcissistic, closeted Randian slime prone to confirmation bias. His research is more balanced, but if Bernanke is any indication you can’t count on a Fed chair to stand by his research.

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