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July 16, 2007

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Ken Houghton

So he agrees with Paul Blustein's assessment of his tenure in And the Money kept Rolling In (and Out), but considers that his duty?

paine

not sure i capture the ultimate motivation
for this "notice "
of taylor's memoir


is it
his turtle defense
vs a possible
counter attack
u admire ???

he still bailed
the bilge water
for the same crew
of global raiders ...eh ??


nicely characterized
by u
in their evening cloths
as makers of
"US policy "

AS IN

"The book documents time and again how thin the line between U.S. policy and the policies of the IMF and the World Bank has become in practice "

ps
i might suggest
this one small change

where u have :

"has become "

i'd sub :

"has always been"

Marshall

Isn't the whole point of Taylor Rules that politics should not be prevented from dominating individual policy decisions by the authorities? Funny he openly admits hypocrisy, even if not in the direct sphere of monetary policy. I suppose the consistent thread in his writings and record in office is: Economists are Always Right.

Marshall

"should not be" should be "should be." Clear as mud, as my microeconomics tutor used to say.

Barkley Rosser

Given his prominence in the theory of monetary policy, it is curious that he was given so little attention as a candidate to replace Greenspan. The two rumors I have heard are that he was not all that good of a manager of his office at Treasury and that Greenspan was against him because of his advocacy of such specific rules.

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The two rumors I have heard are that he was not all that good of a manager

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"should not be" should be "should be." Clear as mud, as my microeconomics tutor used to say.

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