Needed: Nonpartisan witnesses

In a tweet, John Taylor draws attention to this:


Tuesday, March 3, 2015
02:30 PM – 04:30 PM
538 Dirksen Senate Office Building

The COMMITTEE ON BANKING, HOUSING, AND URBAN AFFAIRS will meet in OPEN SESSION to conduct a hearing on the “Federal Reserve Accountability and Reform.” The witnesses will be: Dr. John B. Taylor, Mary and Robert Raymond Professor of Economics, Stanford University; Dr. Paul H. Kupiec, Resident Scholar, American Enterprise Institute; Dr. Allan H. Meltzer, The Allan H. Meltzer University Professor of Political Economy, Tepper School of Business, Carnegie Mellon University; and Mr. Peter Conti-Brown, Academic Fellow, Stanford Law School’s Rock Center for Corporate Governance. Additional witnesses may be announced at a later date.

You can guess what the two highlighted names will say. Taylor will talk about the need for the Fed to follow Taylor-type rules. Meltzer will testify that “as I said 4,3,2 and again last year, the Fed is leading us down the hyperinflation road”.

They should call nonpartisan Canadian economist Nick Rowe to testify!

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