Dominant Social Theme: A brilliant woman is about to step in at the Federal Reserve.
Free-Market Analysis: It seems official now ... Ben Bernanke is leaving at the end of his term. He is said to be exhausted by the past seven years of economic implosion and subsequent quarrels about monetary policy.
Of course, from our humble perspective, this is all to the good. It is our somewhat impractical hope that what we call the Internet Reformation will make being Fed chairman so miserable that no one will want the job and the Fed will simply collapse from lack of participation at the topmost levels.