The Greenspan Temptation
The drafters of the US Constitution had to make a fundamental choice: Should they concentrate power in the hands of one man, or devise a political system in which decision-making influence would be more diffuse? A similar choice now faces Barack Obama as he considers who should succeed Ben Bernanke as Chairman of the Federal Reserve.
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WASHINGTON, DC – The drafters of the United States Constitution had to make a fundamental choice: Should they concentrate power in the hands of one man, or devise a political system in which decision-making influence would be more diffuse? A similar choice now faces US President Barack Obama as he considers who should succeed Ben Bernanke as Chairman of the Board of Governors of the Federal Reserve System.