“The Audacity of Hype.” An excerpt: Continuing the tradition he established back when he was Director of the Congressional Budget Office, Peter Orszag, the Director of the Office of Management and Budget has started a blog. I applaud this move if — if — it is meant to promote transparency. But while Orszag is a smart man and a formidable policy player, his blog appears | Read More »
It bears remembering that prior to hitching their stars to the Obama wagon, the economic advisers the President-elect chose took direct issue with many of the items in the expected stimulus package the incoming Administration is going to try to pass through Congress: For example, giving more federal aid to states, one of Obama’s proposals, falls in the “medium” range of cost-effectiveness and carries much | Read More »
So . . . about all of those public works programs that the President-elect is packaging into his New New Deal? It turns out that a prominent public official–who is soon to be even more prominent–has come out and said that these programs “are totally impractical for countercyclical policy, regardless of whatever other merits they may have. In general, many if not most of these | Read More »
Is Barack Obama’s diss of the protectionists with the appointment of his new Director of the Office of Management and Budget, Peter Orszag: Like other young economists who are in line for economic advisory jobs in the Obama administration, Mr. Orszag (who turns 40 in December) is a protégé of Robert E. Rubin, the former treasury secretary. The prominence of such “Rubinesque” centrists is vexing | Read More »
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