Last night I made another quick appearance on the Kudlow Report. This time I was joined by Megan McArdle, Andrew Bary of Barron’s, and Steve Liesman of CNBC.
Here’s a brief look at the action:
- Bary thinks the economy has recovered to the point where the Fed needs to raise interest rates up to 2%;
- McArdle thinks we need to be cautious about assuming the economy has actually recovered since much of the third-quarter growth was the result of government intervention;
- Liesman thinks unemployment is too high for a Fed rate hike; and
- I think Ben Bernanke has no exit strategy and doesn’t know when to start executing one anyway.