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February 12, 2006
Another Appointment

Is this another example of the Bush Administration nominating political supporters rather than subject experts for an important Federal post?

Is it a shift Rightward for the Fed? Well, I don't think any of us doubt that any Bush Administration appointment is going to be someone Right, or even Rightwing.

But I do question the idea that just because someone is comparatively young, they're somehow going to bring something valuable to the Board that advanced study and years of experience can't provide. Youthful enthusiasm is all very well, but I don't really want it in the people handling my money.

Posted by AnneZook at 09:08 AM


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