Wednesday, October 8, 2008

Rocket scientist

Contrary to the Wall Street Journal's worries that the "appointment of a 35-year-old former Goldman Sachs employee as the auction czar doesn't call to mind Paul Volcker arriving at the Fed in 1979," I think the arrival of Neel Kashkari is a promising development. Financial rocket science helped bring about this mess, and financial rocket science is part of what's needed to get us out of it. And being literally an ex-rocket scientist, rather than solely a finance geek, suggests he has the kind of broad-ranging intellect that will be crucial in his highly complex position.

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