When this guy makes more sense than the Administration, you know how far we are from this time last year, when Obama was the one guy standing strong against Hillz’ notion of a gas tax holiday:
For what it’s worth, I’d take Stiglitz or Volcker happily. Here is Volker today:
I get a little nervous when I see the Federal Reserve announcements that they want have the amount of inflation that’s conducive to recovery,” Volcker said. “I don’t know what ‘the amount of inflation that’s conducive to recovery’ would be appropriate. I’d much rather they say that they want to maintain stability in the currency, which is conducive to confidence and recovery.
