Volcker: Too many cooks?

«Ask five economists and you’ll get five different answers – six if one went to Harvard». So said economist Edgar Fiedler. Barack Obama is setting himself up to have this problem in spades. He’s hiring Paul Volcker, former Federal Reserve chairman and Harvard alumnus, to chair a new economic advisory body. With the US economy in dire straits, more voices may be better than fewer. But there’s a danger debate could crowd out action. Volcker is widely respected, having taken a largely successful «t...