It Doesn't Really Matter Who Runs the Fed

Kevin Drum says It Doesn't Really Matter Who Runs the Fed. After a couple of quotes like this: "There's no possible analysis of the welfare tradeoffs of these policies which leads to any other conclusion than 'mass unemployment is a small price to pay for keeping the rich fat and happy, or even fatter and happier.'" he says, "The problem, I think, isn't Fed independence. It's the mindset of the entire financial elite in the developed world. Until that changes, it hardly matters who runs the Fed."