Tuesday, October 23, 2012

Great Minds Think Alike: Brian Wesbury Edition

In this video, Brian Wesbury makes the prediction that Glenn Hubbard or John Taylor will be the next Fed Chairman under a Romney administration.  (Watch the whole video, it's good.)

Where have I heard that before?  Oh yeah.
Who served as a Romney advisor during the last campaign? Hubbard. Obamacare is also a sore spot with Americans and intelligent reform of this beast will be both an attractive campaign focus as well as a high legislative priority. Who wrote a book outlining a comprehensive vision for healthcare reform based on free-market principles? Hubbard. Who is ambitious and was palpably miffed when Ben Bernanke got the job he wanted? Hubbard. Conclusion: in a Romney White House it is virtually a lock that Hubbard would be offered either CEA Chairman or Treasury Secretary.
and
Another economist to watch is John Taylor. Paul Ryan's star is on the rise and his fiscal roadmap stands a good chance of becoming the congressional Republicans' defining policy stance. Who has jumped in to defend it in the face of the inevitable attacks from the left? Taylor. Who knows a thing or two about monetary policy? Um, yeah. Who has served in the government before and is civic-minded enough to do it again? Talyor. Look for Taylor to take over for Bernanke in a Romney administration. 
That would be an August 2010 prediction mind you.  You heard it hear first...

UPDATE:  Bingo. +1 for DB.

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