WORTH REPEATING: The Case For Paul Krugman As The Next Chairman Of The Federal Reserve Bank

BASELINE: The case for Ben Bernanke’s reappointment was weak to start with, weakened with his hearings, and is now held together by string and some phone calls from the White House.  Bernanke is an airline pilot who pulled off a miraculous landing, but didn’t do his preflight checks and doesn’t show any sign of being more careful in the future – thank him if you want, but why would you fly with him again (or the airline that keeps him on)? The support for Bernanke in the Senate hangs by a thread – with Harry Reid providing a message of support, albeit […]