I just want to add my praise to Carla's praise of Senator Merkley for his statement on Bernanke. The argument for Bernanke is that he took dramatic action to prevent a complete financial collapse; the strong argument against him is, as Senator Merkley says, that for too long he followed Alan Greenspan's lead and failed to recognize the reckless Wall Street practices that led to the meltdown for what they were. Senator Merkley's bold, independent, DeFazio-like decision reflects a recognition that there must needs be some accountability. ((In other words: Although I will regret losing that primary for the rest of my life, today I'm very proud of our junior Senator so I regret it a little less!)
I'd like to take this opportunity to recommend a terrific book that's not just a book on the crash, but also a great book on economic theory: "How Markets Fail," by John Cassidy. Believe it or not, it's a can't-put-it-down page-turner. Buy it and enjoy it over the holidays. After reading Senator Merkley's statement, I wonder if he read it, too.
Oh, and by the way, to those who attacked me for praising the Oregonian yesterday: Get over yourselves. I'll give the Oregonian hell whenever it's warranted. Plenty of people there will tell you that. I complain all the time. In fact I think I've complained loudly at least twice this week. But we're a heck of a lot better off with it than without it.
OK, now I'll get back to working to pass Measures 66 and 67. Don't tell Kevin Looper or Jessica Stevens that I took time off to blog about Ben Bernanke. But do go to the campaign web site and sign up to volunteer. I was on the doors Sunday and it was great. Oh, and did you know that the "no" campaign is mostly being funded by Ohio State alumni?