Should Obama Politicize The Fed?
Should President Obama politicize the Federal Reserve? If so, what would he accomplish? Ezra Klein of the Washington Post seems to think he should, and that this would somehow magically create jobs – but you would look long and hard for an explanation of how this would work.
You Know What We Needed? More, Cheaper Subprime Loans! And Maybe Cheaper Hookers, Too.
So, Ezra Klein wants Eliot Spitzer back in public life, and argues that New Yorkers should take him back just like his wife did, and presumably for the same reasons. This is part of Spitzer’s rehab tour (more here and here). But Klein has picked the wrong man, and for the wrong reasons.