Dienstag, Oktober 25, 2005

The Pilot is leaving the ship...

I have this great picture in ming of Otto von Bismarck coming down the gateway of the ship! This week we finally heard who the President chose to nominate (whatever that may yield!) as the new FED chairman. Greenspan's boots as sure deep to fill, but what changes will Ben Bernanke bring? For ones, the nominee has actually qualifications and is not know by the President personnally for over a decade, which at once is plus. He does have a good academic background and I am affraid I know very little about him. Which means I have to go back and check up on him a bit...so see this as a start! Than again, maybe I should wait and see if he actually get the position. Maybe his religious views are not right-wing enough to accept him. From an economist view, I like that he seems unbiased to the untrained eye and I hope I can find this reflected in his prefessional work, too. We don'y need a conservative in this postion, we need an unbiased centrist with as little political ambition as possible. Greenspan was too political in some of the recent years and I think it will hurt him in his reputation. I take my hat of for Mankiw that ge left while he could before he became a pundit!