Ben Bernanke knows he's filling big shoes. So when President Bush chose the White House's relatively new top economic adviser to succeed Alan Greenspan as chairman of the Federal Reserve, Bernanke professed alignment with the Maestro. The "top priority," he said, will be to "maintain continuity" with Greenspan's way of doing things.
Bernanke, 51, seems suited to that task in ways big and small. Both men are independent thinkers who tilt gently to the political right. Greenspan is a consensus builder who rarely convenes a meeting without knowing every vote. Bernanke built a similar reputation running the economics department at Princeton...