Attack of the "MellonHeads", or, Do you still believe in the Bush Doctrine?
In honor of the Herbert Hoover CNBC contributor, James Pethokoukis confronts the MellonHeads, those conservatives who are having a knee-jerk reaction to the inevitable mortgage banking bailout. The moniker “MellonHeads” refers to Herbert Hoover’s Secretary of Treasury Andrew Mellon, who advocated a very hands-off approach on monetary matters, which contributed to the hard slide into […]
