Battlepanda: "Harebrained fiscal policy schemes"


Always trying to figure things out with the minimum of bullshit and the maximum of belligerence.

Monday, September 17, 2007

"Harebrained fiscal policy schemes"

Most of the economics blogs are abuzz with reviews and comments on Alan Greenspan's new book.

There's Brad DeLong's review in the LA Times; Paul Krugman's harsh commentary in the NY Times; and Mark Thoma on Greenspan's role (however minor) in justifying the Iraq war to the Bush adminstration.

I'll just take note of one little bit from Daniel Okrent's review in Fortune Magazine.

Surprisingly for a self-described "lifelong Republican," Greenspan was happiest as Fed chairman when Clinton was in the White House. (He also liked his time running Ford's Council of Economic Advisors, where it was his pleasant responsibility "to shoot down harebrained fiscal policy schemes.")

Harebrained fiscal policy schemes like Whip Inflation Now?