Most Appropriate Name Of The Day

November 20th, 2009at 11:35am Posted by Eli

Alan Blinder:

The People Who Couldn’t See an $8 Trillion Housing Bubble and Thought Iceland Was Thriving Oppose Auditing the Fed

That is what Alan Blinder tells us in a Washington Post column today. Blinder tells us that the vast majority of academic economists and people in the financial industry oppose efforts to make the Fed more accountable to Congress. (He also bizarrely asserts that “very, very few” people support more Congressional control of the Fed. This would seem to be inconsistent with the support for the Paul-Grayson bill to audit the Fed.)

Why would anyone argue for less accountability and transparency?  Especially when there are no national security ramifications?

Entry Filed under: Corruption/Cronyism,Economy,Wankers


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