How difficult has it been for economists to communicate their expertise to policy makers during this financial crisis? The Chronicle of Higher Education has this report:
During the days after the White House announced its rescue proposal, economists of diverse stripes drafted plans, petitions, and working papers. And a few scholars were summoned to the U.S. Capitol to advise lawmakers directly.
But now that the dust is beginning to settle in Washington, many academic economists have the gnawing feeling that during moments of crisis, they don't have much ability to sway public policy.
- Log in to post comments
More like this
Thanks to Carol Leonnig at the Washington Post and her confidential sources, we can see the true measure of Secretary of Labor Elaine Chao's disrespect for U.S. workers, embodied in her proposed rule on risk assessement. I blogged first about this "secret rule" on July 8, with follow-ups (here…
After more than 900 days of "review" by the White House's Office of Information and Regulatory Affairs (OIRA), OSHA announced it was publishing a proposed rule to protect workers who are exposed to respirable crystalline silica. It's a workplace hazard that causes the irreversible and progressive…
Under the fold:
Ex-Cheney aide: Bush won't hit Iran:
US President George W. Bush will not attack Iran to halt its nuclear weapons program before his term ends in January, David Wurmser, a key national security adviser to Vice President Dick Cheney up until last year, has told The Jerusalem Post.…
In the week before his 2015 State of the Union address, President Obama took modest but important steps toward expanding US workers’ access to paid sick and family leave. Valerie Jarrett, Senior Advisor to President Obama and Chair of the White House Council on Women and Girls, broke the news with…
Most of those economists were big fans of Milton Friedman, who in turn was a big fan of Pinochet, and are responsible for this mess. Greed is good, they said. Government, baaad.
Well, guess what, J. M. Keynes looks quite good right now. Let's hope that Obama will hire Siglitz or Krugman and not those discredited fothermuckers.