This is what I formally submitted to the great deliberative body, but the actual subcommittee hearing was surprisingly boisterous. I really hope they make the video available. Incredibly, Dennis Kucinich out of nowhere asked me what I thought should be done with the Fed, so I thought it would be fine to answer frankly. (I had to tell somebody in the cab ride to the airport; I gave the scoop to Wenzel. He is the Lois Lane to my…never mind.)
Some funny things from the day:
==> The hearing was scheduled for 1:30pm. We got there and the staffers apologetically explained, “Yeah, they just started a series of votes. We hope to start by 2:30.” (We actually started around 3.) I would have thought they would know ahead of time when voting would occur. Clearly we need more funding to upgrade their Microsoft Outlook.
==> Right off the bat I started joking around with Dean Baker (the only witness who was there to hold up the Kucinich perspective versus Republican Jim Jordan). We had a bunch of time to kill obviously. After about 15 minutes, I said to the young Institute for Energy Research woman who was babysitting me, “So Dr. Baker and I debated on NPR a year ago.” (I said it in a tongue-in-cheek “I’m…kind of a big deal” way.) With complete sincerity, Dean Baker goes, “We did?”