Fear of a Female Fed Chief

Jonathan Chait writes for New York Magazine’s Daily Intelligencer: “The hard-money cranks of the right have spent the Obama years nurturing fears of incipient inflation that never seems to arrive, yet whose non-arrival never dents their airtight worldview. The current jostling between Larry Summers and Janet Yellen to become the next head of the Federal Reserve has introduced a new and even more primal fear into the minds of the hard-money cranks: the trepidation that their monetary essence will be drained by a woman.”