The Wenatchee World

Weather:

Weather

The latest extended forecast from The Weather Channel

Remove this weather forecast

Today

Hi87° Sunny

Tonight

Lo61° Mostly Clear

Thursday

Hi88° Sunny

Thursday Night

Lo62° Mostly Clear

Friday

Hi89° Sunny

Friday Night

Lo65° Mostly Clear

Saturday

Hi85° Mostly Sunny

Saturday Night

Lo64° Partly Cloudy

Sunday

Hi80° Mostly Sunny

Sunday Night

Lo61° Partly Cloudy

The Fed’s applied progressivism

Send to Kindle
Print This

Because Ben Bernanke’s public persona is as mild as milk, the transformation in American governance in which he has participated is imperfectly understood and hence insufficiently deplored. The change is dramatized by two recent developments.

One was the campaigning by several constituencies for and against what supposedly were the two leading candidates — Larry Summers and Janet Yellen — to replace Bernanke as chairman of the Federal Reserve. The Fed can no longer be considered separated from politics.

View my options or Sign in