In the opening chapter of his great history of the Federal Reserve, Secrets of the Temple, William Greider describes Jimmy Carter’s choice of Paul Volcker as Fed chairman in 1979 in epochal terms: At that moment, few in the White House appreciated what would become obvious in the next few years, that this was the [...]
The President-elect has announced the appointment of yet another slate of high-profile economic advisers, the President’s Economic Recovery Advisory Board, with Paul Volcker as chairman and long-time Obama guy Austan Goolsbee as the head staff guy. So there’s that, the National Economic Council headed by Larry Summers, the Council on Economic Advisers headed by Christina [...]
Maybe it’s because I’m an “economic leader.” At least, that’s what it says on the cover of this new book: The book grew out of the Creative Capitalism blog that Michael Kinsley and Conor Clarke organized over the summer. My contribution was previously posted here. Making a book out of a blog seemed kind of [...]
