Whether one agreed with him or not, for anyone who values the independence of the Fed, it is important that the chair of the Fed maintain some distance from fiscal policy debates.
More Quotes from Gilbert Metcalf:He made a bet. I think he was successful. That was a remarkable achievement.
He was prescient in appreciating how the information technology revolution would lead to an upsurge in productivity at a time when people were having a tough time understanding what all these new computers were doing to us.
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Before the war there were many who were more or less ignorant of the international labor movement but who nevertheless turned to it for salvation when the threat of war arose. They hoped that the workers would never permit a war.
But somehow, I felt no inclination to be interested in it in any amateur way, let alone professional, until suddenly I became interested. And the first thing I did was to compose: not play an instrument, but to compose.
The irrepressible conflict propounded by abolitionism has produced now its legitimate fruits - disunion.
John H. Reagan