Thursday, December 02, 2004

Alan Greenspan for Sec. of Treasury?

George Will, in an article yesterday, argues persuasively that Greenspan is the right man for the job, because Social Security reform is the top pressing issue and Greenspan, whom Will calls " a black hole of charisma", would inject an air of sobriety into any discussion over reforming Social Security. Will argues that the job of Sec. of Treasury is to advocate for the President's economic policies, and that Greenspan would be persuasive on numerous fronts because he is respected.

Some might question whether removing Greenspan from his present post at the Fed is wise, though this is really not much of an issue, since the potential successors to Greenspan at the Fed are very much in his mold and would follow the same path that Greenspan has so productively followed. Greenspan has had a great run at the Fed, and will have left a great legacy there; he can accomplish even more good for this country's economic future by helping to guide us through the treachorous waters of reform toward social security and tax systems that make the most economic sense and will lead to the most economic vitality for all people.

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