-willed, as many put it. Most said that other than that he would be the best choice for the position.In general Greider makes a lot of good points. His analyzation of the effects of inflation on the population is very interesting. He looks at it from a standpoint that many people would not. The idea that inflation has a different effect on different members of the population also has a profound effect on the division between Wall Street and Main Street. This further division makes the job of The Fed that much more difficult. Greider explains this quite well while describing the tightrope that The Fed must walk. It also seems that only President Carter understood the importance of keeping the Fed separate from politics. His advisers would have selected a puppet and it is quite possible they would have been so politically influenced that corrective action would not have worked. Therefore, I understand Greider saying that this was the most important appointment of the Carter administration. ...
