Thursday, May 01, 2008

Bernanke, Please Listen to These More Common Men (Including One Politician, Believe it or Not)

Economist Brian Wesbury and House Representative Paul D. Ryan from Wisconsin have both written some great pieces in the Wall Street Journal over the last two days.

Brian Wesbury on the Fed's Loose Monetary Policy Deja Vu; see also Brian's excellent testimony in Washington on the subject;


Paul Ryan's
great piece this morning on the Fed's conflicting mandate. Believe it or not, Ryan is a House representative (yes a politician) and is on the Budget and Ways and Means Committees. I guess he's another one of the few unsung politicians who makes sense. He's going to present legislation called the Price Stability Act of 2008 to solve the Fed's conflict.

I'm already thinking of nominating him for the Presidency in 2012.

I had addressed the conflict now present in the Federal Reserve's mission in this article (Page 1, Page 2, and Page 3) at the LA Business Journal; and in this Prudent Bear piece (the same idea but in more depth); and, come to think of it, in lots of my articles over the past few years. (See column to the right.)

[Thanks to for this image.]

But who's listening to me?

Maybe a bona fide economist and an elected official can catch Ben's ear.

One thing is sure: We're all going to have to scream like banshees in order to be heard over the self-interested din of Wall Street, in concert with the inflationary and debt-exploding cacaphony emanating out of the other halls of the Senate, the House, the White House, and those aspiring to this last.

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