Monday, October 24

DR. BEN S. BERNANKE

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

Hum.

Chairman of the Economics Department at Princeton University.

Hum.

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

Hum.

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.

Hum.

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

Hum.

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

Hum.

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.