Monday, October 24


Summa cum laude graduate of Harvard University and earning his doctorate degree in economics at M.I.T.


Chairman of the Economics Department at Princeton University.


Widely-published: has authored numerous articles, scholarly tomes, and college-level textbooks.


Has held a Guggenheim Fellowship, a Sloan Fellowship, and is a Fellow of the Econometric Society and of the American Academy of Arts and Sciences.


Is currently a member of the Board of Governors of the Federal Reserve Board and points proudly to the mentorship of Alan Greenspan.


Well-known and highly-regarded in domestic and international banking circles. Wall Street has confidence in him.


No mention whether or not he's an Evangelical Christian or if he's a close personal friend of President Bush.

Hum. Good.

Sounds as if President Bush went the other way -- once again in the short-lived tradition of his nomination of John Roberts -- in selecting Dr. Ben Bernanke to replace Alan Greenspan as Chairman of the Federal Reserve Board.

No Miers-style picking of a cipher-crony this time around. Indeed, this time qualifications trumped friendship and religious fervor.

Hah. Good.

Bet the center-right and right-of-center blogosphere will remain calm, as will the financial markets.

See, it just takes a little thought and thoroughness. That's all.