Saturday Night Live opened their show this weekend with a parody of Treasury Secretary Timothy Geithner:
Unfortunately, Treasury policy is just as rudderless as seen on SNL. What’s needed now, more than ever, are ideas based on principles; not ad hoc, “solutions” that don’t provide people enough information to make rational economic decisions for the future.
If people want to lambast these principles as “ideology”, so be it. At least we’d have verified experience directing our economic policy.