Sunday, March 30, 2008
Blooming In More Ways Than One
It appears that more than just the cherry tree blossoms are growing in our nation's capital this weekend. The Bush Administration is set to release a plan on Monday that will grow the powers of the Federal Reserve to "serve as the system's overarching protector of stability." Admittedly, a little stability sounds like a good thing right now, but I am curious to hear exactly how Secretary Paulson proposes to achieve such stability. I also look forward to the play-by-play analysis by our very own Professor Reilly. It will be interesting in the decades to come to see how history will judge our reaction to this crisis. As Shakespeare said, "Wisely, and slow. They stumble that run fast."