Economics Blogosphere Roundup

Out there in blogland, a number of economists are opining about monetary policy. Macroblog notes the hawkish comments on inflation coming from both the Fed and ECB and posits that while the ECB may be justified in raising interest rates some more, the Fed -- despite its hawkish statements -- may be coming to the end of its interest rate hikes. Mark Thoma discusses statements from the president of the Dallas Fed warning of rate increases in the near future. Brad DeLong lays out the case for Don Kohn to replace Alan Greenspan when Greenspan retires in January. (But a commenter predicts Bush is more likely to pick the guy who does his taxes.) Awhile back, The Onion asked "people on the street" what they think of the Fed's interest rate hikes. In a related story, Japanese schoolgirls overturn Greenspan's bus. Finally, James Hamilton turns his attention to the U.S. current account deficit. He's got a nice graph showing that at present foreigners hold 54% of US government debt. He lays the blame for the CA deficit on US fiscal policy. I'll have something to say about that bit o' nonsense presently.