A Man for Our Times?
The erstwhile publisher of the New Republic aims to salvage the reputation of the Fed chairman who presided over the age of ‘stagflation’ — and the greenback’s loss of 80 percent of its gold value.
We see in the Times where the former proprietor of the New Republic, Chris Hughes, is looking to get a Ph.D. in central banking history. We don’t know Mr. Hughes, but we take a Democrat like him entering the fray over monetary policy and central banking as a positive development. Especially because, according to the Times, the sow’s ear that he’s going to try to make into a silk purse is Arthur Burns.
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