第36章宏观经济政策的六个争论问题.ppt

* In the first bullet point, “incompetent” is not meant to be an insult. Economics is an inexact science at best. It’s quite possible that people appear highly qualified when they’re appointed to the Fed but run into the limits of their knowledge as the future unfolds. For example, I’m sure President Bush thought Michael Brown was highly qualified when he appointed “Brownie” in March 2003 to head the Federal Emergency Management Agency (FEMA). It turned out that was not quite the case when an actual emergency (Hurricane Katrina) occurred and required federal management and coordination o