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October 30, 2005

The "Let It Be" Manager

Levitt thinks that Ben Barnanke will be a good chairman of the Federal Reserve, apparently because he won't actually do anything.

I imagine the training regimen for his job involved lots of web surfing and Microsoft Solitaire.

I'm being flip.  People who recognize that no action might be the best action are rare, and I can imagine jobs where you need these guys to fill the spot because if you don't, a "doer" will end up in there and screw things up.



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Comments

I was watching ABC's Week In Review this morning and they had a bit in ther "funnies" section where someone said that "the only thing that is different between Alan Greenspan and Ben Barnanke is that Ben might be a little less entertaining than Greenspan." Being quite and unnoticed seems to have been a prerequisite for the Chairman of the Federal Reserve. ;o)

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