There is a certain mayor in South Carolina who just happens to know a lot about monetary economics. In fact, he has critically weighed in on some of my posts and helped sharpen my thinking on monetary economics. Unlike many macroeconomists, he takes money seriously and understands the importance of monetary disequilibrium. This is not terribly surprising as he is the former student of Leland Yeager. This mayor is Bill Woolsey.
He has his own blog and provides thoughtful posts on monetary issues. For example, he recently considered the claim by Brad DeLong that it is liquidity demand shocks rather than money demand shocks that cause recessions. I bring this up because how many politicians do you know that have such mastery over such an important issue as monetary policy? And based on these two news stories he is an effective mayor too. Maybe one day Mayor Woolsey will consider running for Congress. It would be great to have such a monetary-minded congressman.