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UChicago economists are taking over the world 1 country @ a time!

Thursday 17 April, 2008

I caught this article in the Chicago Tribune Chicago grad takes over at Bank of Japan

This obviously is a very important position & it’s remarkable how many University of Chicago economists inhabit such positions. It’s amazing how long Milton Friedman’s extended economic “family tree” extends. It looks like he’s jumping right in & is addressing the G7, talking with the heads of the Fed & European Central Bank, & preventing financial confusion in addition to ensuring financial stability.  Since he’s advocated against bailouts as a result of the 1998 financial crisis, I wonder what Ms. Shirakawa would say about the UK’s bailout of Northern Rock or the US bailout of Bear Stearns?

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