When I first heard that President Bush was tapping a "White House economic adviser" to replace Alan Greenspan, I worried this was "Harriett Miers, Round II." It appears such concerns were completely unwarranted. Bush's choice of Ben Bernanke is getting very positive reviews. Tyler Cowen praises the choice here and here. Brad DeLong also calls Bernanke "a very good choice." If Cowen and DeLong agree — and the markets are up — who am I to suggest otherwise. (After all, I'm just a law professor.)
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JNoV
This guy looks pretty good to me.
BA Harvard
PhD MIT
Taught @ Stanford
Taught and Dept Chairman @ Princeton
Macro-economics (big picture national econ) expert
Monetary policy expert
author of book on causes of great depression
Member Federal Reserve
Chairman, President's Council of Econ Advisors
"won't upset the apple cart"
Just what the markets want to hear.