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Democracy & Technology Blog Malpass or Manny?

Bret Swanson
October 5, 2005
Economic Policy

The Wall Street Journal reports this morning that the White House may be looking beyond the presumed “list of four” (Lindsey, Bernanke, G. Hubbard, Feldstein) to fill Alan Greenspan’s chair at the Fed. This is great news, as it may open the door for monetary stalwarts like David Malpass of Bear Stearns, or, as Cesar Conda suggests on the Journal’s editorial page, Manuel Johnson, who in 1996 wrote one of the very best books on monetary policy. Malpass and Johnson are supply-siders who favor a price-rule to maintain a stable value of the dollar and who deeply understand the global nature of all economic policy. Columbia’s Glenn Hubbard, who was President Bush’s CEA chair in charge of the excellent 2003 tax cut, might also be a terrific choice, but his views on monetary policy are mostly unknown.

-Bret Swanson

Bret Swanson

Bret Swanson is a Senior Fellow at Seattle's Discovery Institute, where he researches technology and economics and contributes to the Disco-Tech blog. He is currently writing a book on the abundance of the world economy, focusing on the Chinese boom and developing a new concept linking economics and information theory. Swanson writes frequently for the editorial page of The Wall Street Journal on topics ranging from broadband communications to monetary policy.