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The more the merrier
James Hamilton (November 27th, 2008) Writes:
How many economic-advice-giving organizations does it take to run a White House?
President-elect Barack Obama tapped former Federal Reserve Chairman Paul Volcker to run a new White House advisory board tasked with offering independent advice about how to stage an economic recovery. Obama named the 81-year-old Volcker to head the President's Economic Recovery Advisory Board....
The board is modeled on the Foreign Intelligence Advisory Board that gave President Dwight Eisenhower independent opinions on intelligence issues. Austan Goolsbee, another key Obama adviser, will serve as the economic board's staff director and chief economist.
Volcker can be single-handedly credited with ending the great inflation of the 1970s, and has been critical of the unorthodox steps that Fed Chair Ben Bernanke has taken to address our current challenges. Although I share some of Volcker's concerns, it is not clear to me what specifically Volcker would propose to do instead.
...Alec MacGillis;, Austan Goolsbee;, Barack Obama, ben bernanke, Christina Romer;, Council of Economic Advice-Givers;, Council Of Economic Advisors, David Cho, Dwight Eisenhower, Economic Recovery Advisory Board;, Economics, Federal Reserve System, Foreign Intelligence Advisory Board;, Greg Mankiw, Jason Furman;, Justin Fox, Larry Summers;, National Economic Council;, Office of Management and Budget;, Paul Volcker, Peter Orszag, the Washington Post, Tim Geithner;, White House
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