I’d Sign Any Letter to Avert Inflation Crisis: Kevin Hassett

Last week, I joined a number of economists and others in signing an open letter to Federal Reserve Chairman Ben Bernanke, urging him to discontinue the second round of so-called quantitative easing, or QE2.

I’ve signed many open letters to policy makers over the years. The response to this one was stunning. I was surprised, and remain so, that the letter was criticized so widely and so passionately as an attempt to politicize the Fed, one of the few institutions in Washington insulated from partisan fighting.