Saturday, September 8, 2012

Could We Do This for All Members of Congress, the Fed, and the Treasury Department?

commentary by Roger Erickson


Ft. Leavenworth's new commanding general, Lt. Gen. William Caldwell, ... believes ... the Army's professors, instructors and doctrinal writers must not "tell or teach our young officers here about what to think. What I want you to do is teach them how to think."

He said one way is to allow officers to spend a year working at a government agency or a think tank.



Shades of Gen. Patton!  

In the case of policy staff tasked with budget and fiscal policy issues, wouldn't it make sense for them to actually worked at the Reserve desk of a bank, so they'd at least have seen existing monetary operations in action?

Has Tim Bernanke ever worked in an actual bank, at the Reserve Desk?  How about anyone on Congressional Budget or Banking committees?  How about Nobel Prize winning economists?

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