Economists Have Been Demoted in Washington. That’s a Bad Idea.
This articles discusses the downfall of Trump's cabinet which fails to include the chairman of the Economic Council Advisers. This eliminates any academic economist from contributing perspective to the nations economic standing. Trump's administration is well represented by individuals from the corporate world and this is likely to play a large role in the perspective of his cabinet. Removing an academic economist does less to ensure a impartial outlook on the economy as a whole. The article goes on to state how Dr. Feldstein, an economist, provided council during the Reagan administration speaking outwardly about the nations increasing deficit. This was not well received by many but it serves the point of the importance of such a voice in not being swayed by conflicts of interest.For full article, click here.
1 comment:
It's scary to see that Trump seems to only surround himself with people he thinks will agree with him on everything. There is a lot of research which states that Pro-Business and Pro-Market are two distinct categories. We will see how the economy responds to a more Pro-Business economy.
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