May 1, 2007


Bernanke and the Case for Trade (James Pethokoukis, 5/01/07, US News)

Federal Reserve Chairman Ben Bernanke just gave a speech that might have gotten him fired if he was still an economist over at the White House. The topic was trade, perhaps the new "third rail" of American politics. Speaking at the Montana Economic Development Summit in Butte, Bernanke played both academic and politician. He methodically delineated the overwhelming economic case that trade, including the outsourcing of jobs, is a good thing. The numbers came fast and furious as he cited study after study in support of his case. (The speech and links to the studies are here.)

Among Bernanke's points... there any contender for the Democratic nomination with the courage of Clinton/Gore?

Posted by Orrin Judd at May 1, 2007 8:52 PM
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