In his National Review column appearing today, Larry Kudlow nominates Glenn Hubbard to fill Greenspan’s spot next year. In the ninth paragraph of his piece, Kudlow casually remarks that, “little is known about Hubbard’s monetary views.” Gee, maybe that’s the type of thing we should know before we endorse somebody to become the nation’s top monetary planner.
Source link: http://archive.mises.org/2723/need-to-know-basis/
Need-to-know basis
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Good point. However, based on what we “knew” about Alan Greenspan (his famous paper “Gold and Economic Freedom” http://www.usagold.com/gildedopinion/Greenspan.html) he would have gotten Two Thumbs Up from the Austrian community n’est pas?
It would seem that absolute power corrupts absolutely.
Nah, Greenspan’s just taking pains to construct immense, elaborate bubbles in a convoluted conspiracy to teach the world a severe lesson — that you can’t base an economy on fiat money and easy credit. He has our long-term interests at heart.
Duodecimal: sounds like a cross between John Galt and The God Emperor of Dune.
duo,
Even if that were true — and I think that a little bit improbable — it wouldn’t justify what he’s doing now. The ends don’t justify the means.
As for our next chairman of the fed, I’m all for nominating Walter Block or Hans-Hermann Hoppe.
David,
Even thought it’s not justifiable, that doesn’t necessarily mean he’s not doing it. Those Randians can be a bit on the extreme side.
Man, talk about stopping the engine of the world…
And I’ll second your nominations of Block and Hoppe.
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