The public policy blog of the American Enterprise Institute

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Discussion: (2 comments)

  1. Benjamin Cole

    I suppose expecting economic literacy from Congress is a losing proposition, but this seems preposterous. BTW, Pethokoukis/AEI has been doing ace blogging on Fed policy.

  2. Pethoukis is a kloset Keynesian who has little greater grasp of economics that does the economic idiot and Democrat shill Paul Krugman. He advocates the currency manipulation of the FED. He suffers from one of the same blind spots as his hero (mentor?) Milton Friedman. Both say we should expand the currency, but do not define how an “adequate” supply of money is to be had without unfairly favoring the banks and their friends and without consistently increasing prices.

    Mr. Pery on the other hand, seems to have his head screwed on considerably more tightly.

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