Paul Volcker, Window Dressing (Sadly) [Former Federal Reserve Chairman Paul] Volcker scoffs at the reports that he is losing clout. “I did not have influence to start with,” he said. –Louis Uchitelle, “Volcker’s Voice Fails to Sell a Bank Strategy“; The New York Times(10/20/2009). I don’t have many heroes, political or otherwise. Teddy Roosevelt. FDR....Read More
Who are Obama’s Air Traffic Controllers? One of the things I remember about the beginning of the Reagan administration — yes, I’m old enough to remember very well — was the abrupt change in tone from the Carter administration. Suddenly, the country’s leadership seemed capable of saying “no.” One of the first important constituencies to...Read More
