Yesterday, I started a personal campaign to nominate Alan Blinder to be the next Fed Chairman in the hopes that someone picks up the torch and carries it further than I can.
Today, a story appeared on Bloomberg confirming my fears:
Lawrence Summers, the former Treasury secretary who heads Obama’s National Economic Council, has been mentioned as a possible successor should Bernanke not be re-nominated.
It would be a tragedy if that happens.
Speaking of a “voice of reason”, I stumbled onto a very good Charlie Rose segment from last week with Alan Blinder, Alan Auerbach, and David Leonhardt:
Alan Blinder would make a fantastic Fed Chairman.