Monday, August 17, 2009

What About Topeka?

The Kansas City Federal Reserve Board is hosting the 33rd annual Jackson Hole Economic Symposium during August 19-21. The program, as usual, will consist of morning panels and discussions, with afternoons off for recreational activities.

I’ve been to Jackson Hole several times, most recently speaking at a meeting of the Western Governors Association. The Grand Tetons are spectacular. Mid-August is perfect resort weather. Jackson Hole is a charming western town with splendid restaurants.

But why are all these distinguished central bankers, economists, financiers, and journalists meeting in Jackson Hole? Shouldn’t they be setting an example for the rest of us by meeting in a budget-priced location, such as Topeka, Kansas, in which there would be few distractions from analyzing why the world was on the verge of a global financial meltdown last fall, and how to take preventive action the next time a bubble is forming. Meeting in Topeka, or Wichita, or a host of other such modest communities, would show real seriousness as well as give a fillip to the local population.

No comments :