Am I a closet Ron Paul fan?
Well, it depends on how you define "fan." I can't say that I agree with most of what he says, but I do love to hear him question Bernanke. Agree or not, he is one of the few folks that seems to bring a (mostly) educated view to the hearings and asks good, pointed questions.
Yesterday, he grilled Bernanke on whether the Fed held rates too low early in the decade and whether that spells trouble for policy in the wake of the current crisis. As I wrote today on Fool.com, a lot depends on clearing up disputes about how to use the Taylor Rule to guide policy decisions.
I'm of the camp that believes it's not a foregone conclusion that the Fed's policies will lead to runaway inflation / disaster / etc. However, I think they do walk a very fine line and need to be on top of their game to manage the exit properly.
I'm sure there are plenty of you that strongly disagree...