The New Greenspan:

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.)