This past weekend was one of my favorite business trips of the year: Leen’s Lodge in Grand Lake Stream, Maine. It is formally called the Shadow Federal Reserve & Fishing Trip, but informally its known as Camp Kotok. (I think this was my 7th one).

The amusing thing is I know all of these folks — John Silvia, Stu Hoffman, Philippa Dunne, Jim Bianco, Dave Rosenberg, etc. — socially. We always have good discussions about important issues, but the beauty part about this trip is its mostly hanging around, catching fish, imbibing, etc. (Note the WSJ refers to the 2013 Camp Kotok wine table. Yes, there was some wine served — most of it was outstanding, and there was no shortage of good stuff).

Category: Federal Reserve, Video

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

6 Responses to “Who Should Be the Next Fed Chief?”

  1. spudvol says:

    A-Rod is looking for a job, add him to the list of Fed Cheats.

  2. Well, A-Rod has some free time, and he has the most important qualification HE KNOWS JUICE!

  3. Frwip says:

    Wow.

    Bad mark for Jim Bianco. Playing contrarian smart-ass is one thing. But here, he’s letting his ideology get in the way of his analysis. That’s… not OK.

    Yes, there is a lot to criticize about Fed policy in general and QE in particular. Yes, there are other competent candidates than Yellen. And yes, monetary policy probably cannot fix the economy and compensate for a dysfunctional government, all on its own. And yes, QE is probably creating distorsions we’ll have to pay for in the future.

    But John Taylor? ‘Cuse me?

    John Taylor of the “Taylor Rule”? That John Taylor, right? John Fucking B. Taylor? Seriously???

    The guy who back in 2009 was asking for permanent tax cuts and griping all over TV against the stimulus, warning of market crowding and exploding interest rates anytime soon? That John Taylor?

    The guy who signed on the economic “proposals” of the Romney campaign in 2012, along with Greg Mankiw and …. Kevin “Dow 36,000″ Hassett? Really?

    The gross hack who, four months ago, was waxing lyrical in the WSJ op-ed pages on how the Ryan “budget” would bring back the federal budget in the black by 2023 by cracking down on fraud in disability programs and that the only thing that was wrong with that “budget” was the lack of cutting and slashing into Social Security? C’me on…

    That John Taylor? Really?

    Wow. Just wow.

    And that was another episode of Really with neither Seth nor Amy.

  4. MikeNY says:

    Paul Volcker (based on the Brad DeLong link above)

  5. Frilton Miedman says:

    Given that Bernanke’s strategy added massive buying power back into the hands of regular Americans via insanely low rates in light of wage/job declines piss poor ill-conceived policies,

    Not flinching throughout the endless histrionic onslaught of Austrians (claiming to be Libertarian) mumbling senselessly about “helicopters” and “printing”, I like the closest eligIble representative to him.

    Yellin.

    Summers’ concepts (The banking act of 2000) are the root cause for Bernanke’s actions to begin with, giving banks the ability to legally commit investment fraud & market manipulation..

    .

  6. Frilton Miedman says:

    Given that Bernanke’s strategy added massive buying power back into the hands of regular Americans via insanely low rates in light of wage/job declines piss poor ill-conceived policies,

    Not flinching throughout the endless histrionic onslaught of Austrians (claiming to be Libertarian) mumbling senselessly about “helicopters” and “printing”, I like the closest eligIble representative to him.

    Yellin.

    Summers’ concepts (The banking act of 2000) are the root cause for Bernanke’s actions to begin with, specifically where he can’t seem to understand that giving banks the ability to legally commit investment fraud was a mistake.

    .