President Obama says aloha to Hawaiian shirt tradition at APEC conference
Kugman obvously thought that, since Obama is from Hawaii, he could recommend Hawaiian shirts without getting a smack in the face (I mean he didn't even mention that Obama used to smoke pot).
Liquidity Traps And Hawaiian Shirts
Hempton’s suggestion:[Bernanke] should not only announce that the Fed is buying Italian debt. He should do it whilst wearing an Hawaiian shirt and carrying a marijuana pipe. (I would even buy him the pipe…)
OK, it turns out that I have some inside information: in his academic days, Bernanke actually DID have a taste for Hawaiian shirts, often wearing them to the office. I don’t know about the marijuana bit.
Unfortunately, when he went to the Fed they turned him into a central banker.