Obama’s Economic Advisers
Written by Johan on November 25, 2008 – 8:26 pmAs president-elect Obama gets closer to becoming President, his future set of advisers and cabinet secretaries is slowly taking shape. So far they have been surprisingly centrist, and relatively Clintonian. Unless the Obamaniacs get too upset that’s probably wise.
In particular his selections for economic advisors are rather promising. Arnold Kling describes future National Economic Council director Larry Summers as brilliant (although he is still worried about Summers talking about the need to overact); Tyler Cowen feels Christina Romer is a good person to head the Council of Economic Advisers. As does Greg Mankiw, although he does worry about the competence overlap between the NEC and the CEA.
All in all, these nominations make me slightly more optimistic (or less pessimistic perhaps), although the level of influence these people will have on actual policy remains to be seen. After all, popularity is more important than efficiency when it comes to public policy making.
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