Nov 202010

Timmy Geithner is not only an accomplished tax evader, but he’s pretty good at political demagoguery, too. From Bloomberg:

U.S. Treasury Secretary Timothy F. Geithner said the Obama administration would oppose any effort to strip the Federal Reserve of its mandate to pursue full employment and warned Republicans against politicizing the central bank.

“It is very important to keep politics out of monetary policy,” Geithner said in an interview airing on Bloomberg Television’s “Political Capital with Al Hunt” this weekend. “You want to be very careful not to take steps that hurt our credibility.”

Not everyone would have the skills to criticize an effort to unpoliticize the Fed on the grounds that they shouldn’t politicize the Fed.

Of course, Geithner shouldn’t get all the credit. Al Hunt’s people helped, too, by not laughing out loud.

But to think, some people criticized the Tea Partier who is supposed to have said, “Keep your government hands off my medicare.” Maybe the Partier was just auditioning for a job in the Treasury Department.