Comments on: Did FOMC Transparency Lead to Overly Low Interest Rates?

By: Peripheral Visionary

Peripheral Visionary — Thu, 26 Jun 2008 16:16:00 +0000

Interesting point. It validates what I’ve already discovered in working for the government: that, contrary to popular sentiment, there are very good reasons to have certain specific decision-making processes be less transparent. Interesting that people can see this with client-attorney privilege, but don’t always understand the concept when it’s other governmental processes.

By: Anonymous

Anonymous — Thu, 26 Jun 2008 12:58:00 +0000

Doug’s comments are valid to a point. As a member of a board of supervisors in a township, the work around is to have come to a conclusion amongst yourselves via telephone and email erased before hand.

By: S

Thu, 26 Jun 2008 12:41:00 +0000

two words: animal farm. One more: academia

By: Doug

Doug — Thu, 26 Jun 2008 11:47:00 +0000

Transparency in process leads to less transparency in problem solving because key players keep their real thoughts to themselves. This pattern repeats itself throughout government. For first-hand experience, simply attend your next local town council meeting.