Friday, February 1, 2008

Volcker takes a stand

Paul Volcker has endorsed Barack Obama.

I am not surprised. Most Democratic economists I know prefer Obama and appear to share Brad DeLong's view of Hillary Clinton. Some are reluctant to say so publicly, hoping to land a job in a possible Clinton administration. But Volcker, at the age of 80, presumably has no political aspirations. So why not go public?

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