1. Our Fed Chair terms of service are badPerhaps my lack of intellect is a crucial factor, but why am I unconvinced?
2. The process by which the Fed Chair is appointed is bad
3. Bernanke is defending himself, in response to criticism
4. Buiter knows Yellen personally
5. Yellen has no experience as a supervisor or regulator
Friday, July 31, 2009
Willem Buiter advocates Janet Yellen for Fed Chair
Via Greg Mankiw, Buiter's nicely written piece is here. If I might sum: