I spent eight years at Bank of America in New York (1978-86) covering Wall Street, then moved to Moody's Investors Service where I worked for 22 years, covering banks, sovereigns and corporates.
I chaired the Credit Policy Committee for four years. I retired in 2007 as vice ...
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I spent eight years at Bank of America in New York (1978-86) covering Wall Street, then moved to Moody's Investors Service where I worked for 22 years, covering banks, sovereigns and corporates.
I chaired the Credit Policy Committee for four years. I retired in 2007 as vice chairman. My philosophy: I am a libertarian, a market monetarist, an admirer of Fisher, Friedman and Minsky. I believe in a strong safety net and strict regulation of the financial system. I support most of Dodd-Frank. I think that the world's #1 problem today is inadequate inflation and nominal growth. I believe that the Fed should have two mandates: financial stability, and a nominal output target.
I follow Scott Sumner and the other market monetarists. I respect Krugman as a brilliant economist who happens to be a leftist.
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