Re: Bush appoints Bernake Chairmen of the Federal Reserve
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Why did you think Greenspan's predecessor sucked?
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He had too many dramatic corrections to the fed fund rate. Examples. Early 70's extreme low intrest rates which helped fuel the hyperinflation in the late 70's. Then to counter the hyperinflation they raised the fed fund way too high and then helped fuel the recession of 1982. In a nutshell thats why
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This does seem to be a good choice, although I wont be happy until we get a Chairman that advocate a return to the gold standard. [img]/images/graemlins/smile.gif[/img]
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I hope your not serious, our the graph of our economy would turn into a picture of the rocky mountains, with extreme fluctuations up and down.
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