Paul Volcker

Droppin' Knowledge: Henry Kaufman on the Politicization of the Fed

Henry Kaufman has a great op-ed in the Wall Street Journal this morning in which he expresses his near-term fears about a politicized Federal Reserve.  In the course of making his case that some political involvement in monetary policy is probably unavoidable, he gives us a quick history lesson on how US Presidents have historically…

Hot Links: Pulp Tinkerbell

Stuff I’m Reading this Morning… The agenda for economic regulation reform at the G-20 Summit in Pittsburgh isn’t looking too promising.  (Economix) A tale of tragic heroism in the Bronx.  (NYP) The Healthcare Debate rages on…in an Iron Man comic book.  (Ecocomics) My fave post of the week so far: Imagine If Lehman Brothers Had…

Meltzer: Are We Tough Enough For The Coming Inflation Battle?

“No country facing enormous budget deficits, rapid growth in the money supply and the prospect of a sustained currency devaluation as we are has ever experienced deflation. These factors are harbingers of inflation.” Allan H. Meltzer, May 3rd 2009 In Allan Meltzer’s excellent New York Times op-ed piece from May 3rd, we are taken back…