NYT Piece
Jude Wanniski
June 17, 2005


From: Ben.S.Bernanke@***.gov
Subject: Re: NYT piece
To: Jude Wanniski <jwanniski@polyconomics.com>
12:52 pm, 6/17/2005

Jude:  I am happy to keep in touch.  Leisurely in-depth discussion will however probably be an unaffordable luxury for me for the time being.  My new email address is Ben_S._Bernanke@* * * *.gov.


From: Jude Wanniski  <jwanniski@polyconomics.com>
To: Ben.Bernanke@* * * * *.gov         
Subject: NYT piece 
06/17/2005 10:53 AM                                                            
Nice piece by Andrews today. I had lunch with him last time I was in DC and told him I was trying to win you over to gold, which is why he went to the trouble to write about how you think gold causes depressions. I alerted my clients to the article and encouraged them to think you might not be all that hostile to making use of gold in monetary policymaking... I'm sure Andrews will bring it up with you when he gets you for an interview upon confirmation. There's no reason you can't change your mind, is there? Milton F built his career around quantity theory and two years ago told the Financial Times that he turned out to be wrong!!  As far as I know, though, he still rejects my Smoot-Hawley hypothesis on the Crash, because that
would really undermine his work on demand-side economics, resurrenting Say's Law.

By the way, you were going to continue on our exchange re gold at some point. Should we resurrent the discussion? I thought my piece on the housing bubble would interest you... especially the data that your Michael Palumbo supplied on household net worth.

Anything I can do to help you? I'm hoping you will be the fellow to change the world, which means persuading the President and Rove on what needschanging. A tricky assignment. It does look like you are serious, or you would not have given up tenure. All growth, including political growth, is the result of risk-taking. To coin a phrase.