Finance, History and Politics ; What the Candidates Don't Know and Won't Tell You

Summary


As of this Monday, United States Federal Reserve and Treasury Department policies have entered the presidential electoral political debate. While, as a rule, I am in favor of candidates for high office discussing policy, I am inclined to want to make an exception for these arcane, yet vital, policy zones. Not only do none of the four candidates know much about federal reserve policies, but even their advisors may not be amongst the very few experts in this arcane area.

But worst of all, the ambiguities and subtleties of such delicate financial crises management decision-making are singularly unable to be comprehended by slogans and phrases.

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Extract


Finance, History and Politics ; What the Candidates Don't Know and Won't Tell You

And yet, both the Obama and McCain campaigns jumped out of the box on Monday with the assertions that they didn't want a tax-payer funded bailout, and they both called for comprehensive and tighter new financial ...

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