Central Bankers: Stop Dithering. Do Something. by Adam S. Posen

I'd add Posen to my League of Super Technocrats - reality-based policymakers trying to do the right thing. In a previous post, I mentioned Mervyn King, Governor of the Bank of England and Chairman of its Monetary Policy Committee. Also there was Charles Evans, President of the Chicago Fed, Christina Romer former chairwoman of the C.E.A., and Elizabeth Warren who is currently running for the U.S. Senate and so might become a politician.

Posen is extra cool in that somehow he's an American on the Bank of England's Monetary Policy Committee. Also he co-edited a book with Bernanke titled Inflation Targeting: Lessons from the International Experience.

I thought I had read he taught at Princeton with Krugman but can't find confirmation on the Internet.

Krugman on the debasement of the word "technocrat."

The Congressional Budget Office, for the most part, and the IMF - which has marked its beliefs to market - are positive examples of technocrats.

Bad examples would be the Bank of International Settlements and the O.E.C.D.