Free Market
Author:
Frank Shostak
Online Publish Date:
The Free Market 26, no. 12 (December 2005) On October 24 President Bush nominated Ben S. Bernanke to replace Alan Greenspan as chairman of the Federal Reserve Board. In response, Wall Street became very excited and pushed the Dow Industrial average up by almost 1.7 percent. The media and the pundit class were overjoyed too. Most experts regard