With the virtual certainty that Treasury Secretary Timothy Geithner will be leaving his post shortly after the new year, there is much speculation about who might replace him. At this point, I think it makes more sense to focus on the sorts of qualities the next secretary should have, rather than speculating on personalities just because they are being bandied about in the media.
The first point is that the Treasury Department historically has been the premier economic policymaking agency of government. Dating back to Alexander Hamilton, the Treasury secretary has been the president’s principal economic adviser.
Read Full Article »